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Volume of loan portfolio of Azerbaijani banks disclosed

Economy Materials 1 August 2023 16:24 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, August 1. According to the results of the second quarter of 2023, the International Bank of Azerbaijan took first place in terms of the loan portfolio in Azerbaijan, Trend reports.

According to the bank's quarterly balance sheet, the volume of the bank's loan portfolio amounted to about 4.2 billion manat ($2.5 billion).

Kapital Bank took the second position in the ranking with a total loan portfolio of 3.5 billion manat ($2.1 billion).

In third place is PASHA Bank, with a loan portfolio of over 2.7 billion manat ($1.6 billion).

In general, the loan portfolios of the first five banks of Azerbaijan amount to about 13.3 billion manat ($7.8 billion), and the total volume of the portfolio of all banks exceeds 21.3 billion manat ($12.5 billion).

Below is the full ranking of Azerbaijani banks by total assets and liabilities for the second quarter of 2023:

Banks

Total assets

1

International Bank of Azerbaijan

4.1 billion manat ($2.4 billion)

2

Kapital Bank

3.5 billion manat ($2.1 billion)

3

Pasha Bank

2.7 billion manat ($1.6 billion)

4

Xalq Bank

1.8 billion manat ($1.1 billion)

5

Bank Respublika

1.1 billion manat ($647.1 million)

6

UniBank

1 billion manat ($588.2 million)

7

AccessBank

939.3 million manat ($552.5 million)

8

Yelo Bank

683.6 million manat ($402.1 million)

9

Rabita Bank

681.8 million manat ($401.1 million)

10

Bank of Baku

617.9 million manat ($363.4 million)

11

Turan Bank

575.5 million manat ($338.5 million)

12

Premium Bank

470.5 million manat ($276.7 million)

13

Mugan Bank

454.1 million manat ($267.1 million)

14

Azer–Turk Bank

406.8 million manat ($239.3 million)

15

Expressbank

350.5 million manat ($206.2 million)

16

ZiraatBank

347.9 million manat ($204.6 million)

17

BTB Bank

262.1 million manat ($154.2 million)

18

YapikrediBank

251.3 million manat ($147.8 million)

19

AzersenayeBank

241.2 million manat ($141.9 million)

20

Nakhchivan Bank

204.7 million manat ($120.4 million)

21

VTB Bank

175.2 million manat ($103.1 million)

22

AFB Bank

170.8 million manat ($100,5 million)

23

Avrasiya Bank

136.6 million manat ($80.4 million)

24

Bank Melli Iran

7.1 million manat ($4.2 million)

According to the Central Bank of Azerbaijan, the net profit of the banking sector as of June 30, 2023, increased by 41 percent to 563.3 million manat ($331.4 million).

The total assets of the banks amounted to over 45.2 billion manat ($26.6) in Azerbaijan on July 1, 2023.

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