BAKU, Azerbaijan, January 28. The International Bank of Azerbaijan (IBA) ranked first in terms of authorized capital among Azerbaijani banks in the fourth 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 ($705.8 million).
The second position was occupied by Xalq Bank with a total amount of authorized capital of 415.5 million manat ($244.4 million).
Yelo Bank took third place with 378 million manat ($222.3 million) of authorized capital, PASHA Bank placed fourth with 354.5 million manat ($208.5 million), and VTB Respublika 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 2 billion manat ($1.1 billion), or 58.64 percent of the total amount of authorized capital of 10 banks of Azerbaijan (3.5 billion manat ($2 billion)), or 47.32 percent of the total amount of all banks of Azerbaijan (4.3 billion manat ($2.5 billion)).
Ranking of banks in Azerbaijan by total capital:
| Banks | Authorized capital | |
| 1 | International Bank of Azerbaijan (IBA) | 1.2 billion manat ($705.8 million) |
| 2 | Xalq Bank | 415.5 million manat ($244.4 million) |
| 3 | Yelo Bank | 378 million manat ($222.3 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 | UniBank | 138.2 million manat ($81.2 million) |
| 9 | AccessBank | 121.7 million manat ($71.5 million) |
| 10 | Expressbank | 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 | BTB Bank | 71.4 million manat ($42 million) |
| 17 | AFB Bank | 70.3 million manat ($41.3 million) |
| 18 | ZiraatBank | 65.5 million manat ($38.5 million) |
| 19 | AzersenayeBank | 60 million manat ($35.2 million) |
| 20 | YapikrediBank | 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) |