BAKU, Azerbaijan, Nov. 4
By Eldar Janashvili - Trend:
At the end of the third quarter of 2019, the International Bank of Azerbaijan (IBA) ranked the first among Azerbaijani banks, in terms of net profit, Trend reports referring to the financial reports of the banks.
The total net profit of the IBA amounted to almost 323 million manat ($190 million).
Kapital Bank ranked the second with the total net profit of over 99.6 million manat ($58.6 million).
UniBank ranked the third with the net profit of over 66.8 million manat ($39.3 million).
The total net profit of the first three banks in the ranking reached almost 489.5 million manat ($287.9 million), which is 77.6 percent of the total net profit of all banks in Azerbaijan.
TOP-15 banks in Azerbaijan by volume of net profit in the first nine months of 2019:
|
Banks |
Net profit |
|
|
1 |
International Bank |
322.9 million |
|
2 |
Kapital Bank |
99.6 million |
|
3 |
UniBank |
66.8 million |
|
4 |
Pasha Bank |
64.5 million |
|
5 |
Bank of Baku |
40.7 million |
|
6 |
Bank Respublika |
27.3 million |
|
7 |
Expressbank |
25.5 million |
|
8 |
Xalq Bank |
24.5 million |
|
9 |
Azer–Turk Bank |
23.7 million |
|
10 |
SilkWay Bank |
11 million |
|
11 |
Rabita Bank |
7.6 million |
|
12 |
AzersenayeBank |
6.64 million |
|
13 |
VTB Bank |
6.36 million |
|
14 |
Avrasiya Bank |
5.9 million |
|
15 |
Nakhichivan Bank |
4.4 million |
The total net profit of the 15 leading banks in Azerbaijan amounted to almost 738 million manat ($434.1 million). The average profit of the first 15 banks amounted to 49.2 million manat ($28.9 million).