BAKU, Azerbaijan, October 19. The International Bank of Azerbaijan (ABB) ranked first in terms of authorized capital among Azerbaijani banks in the third quarter of 2024.
The data obtained by Trend from the bank's financial report shows that the volume of the bank's authorized capital for the reporting period amounted to 1.2 billion manat ($705 million).
The second position was occupied by Yelo Bank with a total amount of authorized capital of 378 million manat ($222.3 million).
Xalq Bank took third place with 364.7 million manat ($214.5 million) of authorized capital, PASHA Bank placed fourth with 354.5 million manat ($208.5 million), and VTB Bank closed the top five with 315.8 million manat ($185.7 million).
The total amount of authorized capital of the first three banks amounts to 1.9 billion manat ($1.1 billion), or 57.36 percent of the total amount of authorized capital of 10 banks of Azerbaijan (3.4 billion manat ($1.9 billion)), or 46.07 percent of the total amount of all banks of Azerbaijan (4.2 billion manat ($2.4 billion)).
| Banks | Authorized capital | |
| 1 | International Bank of Azerbaijan (ABB) | 1.2 billion manat ($705 million) |
| 2 | Yelo Bank | 378 million manat ($222.3 million) |
| 3 | Xalq Bank | 364.7 million manat ($214.5 million) |
| 4 | PASHA Bank | 354.5 million manat ($208.5 million) |
| 5 | VTB Bank | 315.8 million manat ($185.7 million) |
| 6 | Kapital Bank | 265.8 million manat ($156.3 million) |
| 7 | Premium Bank | 154.6 million manat ($90.9 million) |
| 8 | Uni Bank | 138.2 million manat ($81.2 million) |
| 9 | Access Bank | 121.7 million manat ($71.5 million) |
| 10 | Express Bank | 112.5 million manat ($66.1 million) |
| 11 | Rabita Bank | 101.3 million manat ($59.5 million) |
| 12 | Turan Bank | 100 million manat ($58.8 million) |
| 13 | Bank Respublika | 73.9 million manat ($43.4 million) |
| 14 | Bank Melli Iran | 73.6 million manat ($43.2 million) |
| 15 | Avrasiya Bank | 71.8 million manat ($42.2 million) |
| 16 | AFB Bank | 70.3 million manat ($41.3 million) |
| 17 | BTB Bank | 66.4 million manat ($39 million) |
| 18 | Ziraat Bank | 65.5 million manat ($38.5 million) |
| 19 | Azersenaye Bank | 60 million manat ($35.2 million) |
| 20 | Yapikredi Bank | 55.3 million manat ($32.5 million) |
| 21 | Bank of Baku | 52.8 million manat ($31 million) |
| 22 | Azer Turk Bank | 50 million manat ($29.4 million) |