BAKU, Azerbaijan, January 27. The International Bank of Azerbaijan (ABB) hit the ground running, clinching the top spot by total assets among Azerbaijan's banks in the fourth quarter of 2024, Trend reports.
Based on the bank's financial report, its assets amounted to 13.6 billion manat ($8 billion).
Kapital Bank ranked second, with total assets of 11.3 billion
manat ($6.65 billion).
PASHA Bank is third with total assets of 8.2 billion manat ($4.8
billion), followed by Xalq Bank in fourth with 3.06 billion manat
($1.8 billion) and Bank Respublika in fifth with 2.1 billion manat
($1.23 billion).
The leading three banks' total assets reached 33.2 billion manat
($19.5 billion), accounting for 71.86 percent of the total
aggregate assets of 10 banks in Azerbaijan (46.23 billion manat, or
$27 billion) and 62.68 percent of the total aggregate assets of all
banks in Azerbaijan (53 billion manat, or $31 billion).
Ranking of banks in Azerbaijan by total assets:
|
Banks |
Assets |
|
|
1 |
ABB |
13.6 billion manat ($8 billion) |
|
2 |
Kapital Bank |
11.3 billion manat ($6.65 billion) |
|
3 |
PASHA Bank |
8.2 billion manat ($4.8 billion) |
|
4 |
Xalq Bank |
3.06 billion manat ($1.8 billion) |
|
5 |
Bank Respublika |
2.17 billion manat ($1.28 billion) |
|
6 |
Azer-Turk Bank |
2.08 billion manat ($1.2 billion) |
|
7 |
UniBank |
1.76 billion manat ($1.04 billion) |
|
8 |
Access Bank |
1.48 billion manat ($860 million) |
|
9 |
Yelo Bank |
1.28 billion manat ($750 million) |
|
10 |
Rabita Bank |
1.15 billion manat ($661 million) |
|
11 |
Bank of Baku |
934.27 million manat ($549.57 million) |
|
12 |
ZiraatBank |
921 million manat ($541.7 million) |
|
13 |
Turan Bank |
849.8 million manat ($499.9 million) |
|
14 |
AzersenayeBank |
779.2 million manat ($458.3 million) |
|
15 |
YapikrediBank |
730.36 million manat ($429.6 million) |
|
16 |
Premium Bank |
640.89 million manat ($377 million) |
|
17 |
Expressbank |
620 million manat ($364.7 million) |
|
18 |
BTB Bank |
362.8 million manat ($213.4 million) |
|
19 |
VTB Bank |
317 million manat ($186 million) |
|
20 |
AFB Bank |
295 million manat ($173.5 million) |
|
21 |
Avrasiya Bank |
200.97 million manat ($118 million) |
|
22 |
Bank Melli Iran |
119 million manat ($70 million) |
