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.