BAKU, Azerbaijan, October 20. The International Bank of Azerbaijan ranked first in terms of deposit portfolio among the local banks in the third quarter of 2024, Trend reports.
According to the bank's financial report, its deposit portfolio in the reporting period amounted to 9.6 billion manat ($5.6 billion).
The second position was taken by Kapital Bank, with a deposit portfolio of 7.9 billion manat ($4.7 billion).
PASHA Bank came in third with a deposit portfolio of 6.86 billion manat ($4 billion), Xalq Bank ranked fourth with 1.98 billion manat ($1.16 billion), and Bank Respublika closed the top five with 1.34 billion manat ($790 million).
The aggregate volume of the deposit portfolio of the first three banks amounts to 24.46 billion manat ($14.39 billion), or 75.21 percent of the total deposit portfolio of 10 banks in Azerbaijan (32.5 billion manat or $19 billion), making up 67.84 percent of the total deposit portfolio of all banks in Azerbaijan (36 billion manat or $21 billion).
Ranking of Azerbaijani banks by deposit portfolio volume:
|
Banks |
Deposit portfolio |
|
|
1 |
International Bank |
9.6 billion manat ($5.6 billion) |
|
2 |
Kapital Bank |
7.9 billion manat ($4.7 billion) |
|
3 |
PASHA Bank |
6.86 billion manat ($4 billion) |
|
4 |
Xalq Bank |
1.98 billion manat ($1.16 billion) |
|
5 |
Bank Respublika |
1.34 billion manat ($790 million) |
|
6 |
Unibank |
1.2 billion manat ($705 million) |
|
7 |
Access Bank |
1 billion manat ($588 million) |
|
8 |
Azer–Turk Bank |
928.39 million manat ($546 million) |
|
9 |
Yelo Bank |
841.5 million manat ($495 million) |
|
10 |
Rabita Bank |
689.7 million manat ($405.7 million) |
|
11 |
Bank of Baku |
571.3 million manat ($336 million) |
|
12 |
Ziraat Bank |
552 million manat ($324.7 million) |
|
13 |
Azersenaye Bank |
444.45 million manat ($261.44 million) |
|
14 |
Turan Bank |
436.9 million manat ($257 million) |
|
15 |
Yapikredi Bank |
403.27 million manat ($237.2 million) |
|
16 |
Premium Bank |
373.18 million manat ($219.5 million) |
|
17 |
Express bank |
236.5 million manat ($139 million) |
|
18 |
AFB Bank |
151.77 million manat ($89.28 million) |
|
19 |
BTB Bank |
150 million manat ($88.2 million) |
|
20 |
VTB Bank |
110.2 million manat ($64.8 million) |
|
21 |
Avrasiya Bank |
66.8 million manat ($39.29 million manat) |
|
22 |
Bank Melli Iran |
35.56 million manat ($20.9 million manat) |
