BAKU, Azerbaijan, January 28. The International Bank of Azerbaijan (ABB) ranked first in terms of deposit portfolio among the local banks in the fourth quarter of 2024, Trend reports.
Based on the bank's financial report, its deposit portfolio in the reporting period amounted to 10 billion manat ($5.9 billion).
Kapital Bank secured the runner-up spot, boasting a deposit
portfolio of 8.9 billion manat ($5.2 billion).
PASHA Bank secured the third spot with a deposit portfolio of 6.4
billion manat ($3.7 billion), while Xalq Bank took the fourth
position with 1.9 billion manat ($1.12 billion). Azer Turk Bank
rounded out the top five with 1.4 billion manat ($820 million).
The aggregate volume of the deposit portfolio of the first three banks amounts to 25.39 billion manat ($14.9 billion), or 74.81 percent of the total deposit portfolio of 10 banks in Azerbaijan (33.9 billion manat or $19.9 billion), making up 67.37 percent of the total deposit portfolio of all banks in Azerbaijan (37.69 billion manat or $22.17 billion).
Ranking of Azerbaijani banks by deposit portfolio volume:
|
Banks |
Deposit portfolio |
|
|
1 |
ABB |
10 billion manat ($5.9 billion) |
|
2 |
Kapital Bank |
8.9 billion manat ($5.2 billion) |
|
3 |
PASHA Bank |
6.4 billion manat ($3.7 billion) |
|
4 |
Xalq Bank |
1.9 billion manat ($1.12 billion) |
|
5 |
Azer–Turk Bank |
1.4 billion manat ($820 million) |
|
6 |
Bank Respublika |
1.3 billion manat ($760 million) |
|
7 |
UniBank |
1.2 billion manat ($710 million) |
|
8 |
Access Bank |
1 billion manat ($590 million) |
|
9 |
Yelo Bank |
928.77 million manat ($546.34 million) |
|
10 |
Rabita Bank |
677 million manat ($398 million) |
|
11 |
Bank of Baku |
592.5 million manat ($348.5 million) |
|
12 |
Ziraat Bank |
565.6 million manat ($332.7 million) |
|
13 |
Yapikredi Bank |
534.7 million manat ($314.5 million) |
|
14 |
Azersenaye Bank |
465.9 million manat ($274 million) |
|
15 |
Turan Bank |
461.47 million manat ($271.45 million) |
|
16 |
Premium Bank |
377.7 million manat ($222 million) |
|
17 |
Express bank |
262 million manat ($154 million) |
|
18 |
BTB Bank |
145 million manat ($85.29 million) |
|
19 |
AFB Bank |
132.98 million manat ($78.2 million) |
|
20 |
VTB Bank |
114 million manat ($67 million) |
|
21 |
Avrasiya Bank |
63 million manat ($37 million manat) |
|
22 |
Bank Melli Iran |
35.59 million manat ($21.2 million manat) |
