Azerbaijan, Baku, August 18 / Trend /
The second quarter of 2009 was marked by the moderate rate of the Azerbaijani bank system's growth, ratings.az rating agency's report on 'Azerbaijani banks ranking on sum of assets as of June 30, 2009' said.
If the growth of the sum assets of Azerbaijani banks was negative (- 14.2 percent), there was growth to the amount of 4.3 percent in the second quarter and the sum assets of banks hit 9191.2 million manat.
The Azerbaijani biggest International Bank's assets hit 3.467 million manat and their market share was 37.7 percent, increasing 4.8% in the first quarter. The assests of Azerbaijan's biggest bank, Bank Standard, hit 524 million manat, its market share was 5.7 percent and its decrease of assets per quarter was 2.9 percent.
An increase in assets was observed in 29 of the 36 banks represented in the rankings for the second quarter. The biggest growth of assets in terms of percent was demonstrated by Yapi Kredi Bank, at 34.7 percent (39 million manat), PashaBank, at 18.8 percent (39 million manat) and АtaBank, at16.8 percent (26 million manat).
There were no great changes during the quarter, though Yapi Kredi Bank's position changed fairly significantly. It reached 15th place from 18th. All other changes in position were no more than two places in the rankings.
Change in the ten largest Azerbaijani banks is notable: Azerdemiryolbank left 10th place, passing from from 10th to 11th in the rankings. PashaBank took its place, passing from 11th to 10th place amongst the largest banks.
You can find all other rankings for most major indices at the website www.ratings.az.
As of June 30, summary table of banks on sum of assets is the following (on sum of assets in million manats):
1. IBA - 3 467
2. Bank Standard - 524
3. Texnikabank - 464
4. Xalg Bank - 396
5. Bank Respublika - 395
6. Kapital Bank - 357
7. Unibank - 342
8. Nikoil - 280
9. Pasha Bank - 247
10. Access Bank - 243
11. Azerdemiryolbank - 215
12. AGBank - 210
13. AtaBank - 179
14. Bank of Baku - 168
15. Yapi Kredi Bank - 151
16. Zaminbank - 150
17. Bank of Azerbaijan - 127
18. Royal Bank - 125
19. Mugan Bank - 116
20. Rabitabank - 83
21. Turan Bank - 81
22. Parabank - 75
23. ASB - 64
24. Amrahbank - 63
25. Kredobank - 51
26. Bank Avrasiya - 48
27. Azer - Turk Bank - 47
28. NBC Bank - 45
29. Atrabank - 34
30. UCBank - 33
31. Gandja Bank - 33
32. Bank Melli Iran - 32
33. Gunay Bank - 32
34. Debut Bank - 30
35. AzKredit Bank - 28
36. VTB Azerbaijan - 11
There are 46 banks in Azerbaijan. There are no Аzernagliyyatbank, Eurobank, SilkWayBank, Birlikbank, Deka Bank, Kovser Bank, Caucasus Development Bank, National Bank of Pakistan, AzfinansBank, Naxcivan Bank in the ranking.
On August 17, the official exchange rate is 0.804 manat to $1.