BAKU, Azerbaijan, Aug.12
By Eldar Janashvili - Trend:
The International Bank of Azerbaijan (IBA) ranked first in terms of total liabilities in Azerbaijan in the first half of 2020, Trend reports.
According to the bank’s financial statement, the IBA’s total liabilities made up 7 billion manat ($4.1 billion).
The second position in the ranking was held by PASHA Bank with a total volume of total liabilities of 4.369 billion manat ($2.57 billion).
Kapital Bank ranked third with total liabilities in the amount of 4.361 billion manat ($2.56 billion).
The total volume of liabilities of the first three banks exceeded 15.3 billion manat ($9 billion), which is slightly more than half (60.7 percent) of the total volume of other banks in Azerbaijan.
Below is the ranking of top-15 Azerbaijani banks in terms of total liabilities for 1H2020:
|
Bank name |
Total liability volume |
|
International Bank of Azerbaijan |
7 billion manat ($4.1 billion) |
|
Pasha Bank |
4.369 billion manat ($2.57 billion) |
|
Kapital Bank |
4.361 billion manat ($2.56 billion) |
|
Xalq Bank |
1.7 billion manat ($1 billion) |
|
Bank Respublika |
954.2 million manat ($561.2 million) |
|
Rabita Bank |
828.3 million manat ($487.2 million) |
|
AzerSenayeBank |
821.8 million manat ($483.4 million) |
|
AccessBank |
756.1 million manat ($444.7 million) |
|
UniBank |
620.9 million manat ($365.2 million) |
|
Mugan Bank |
505.7 million manat ($297.4 million) |
|
AFB Bank |
494.8 million manat ($291 million) |
|
Premium Bank |
485.1 million manat ($285.3 million) |
|
Turan Bank |
446.6 million manat ($262.7 million) |
|
Yelo Bank |
407.4 million manat ($239.6 million) |
|
Bank of Baku |
309.6 million manat ($182.1 million) |
|
Total |
15.3 billion manat ($9 billion) |
The total volume of liabilities of the top-15 Azerbaijani banks amounted to 24.1 billion manat ($14.1 billion), while the average volume – 1.6 billion manat ($940 million).
(1 USD= 1.7 manat on Aug.12)
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