International Bank of Azerbaijan - leader in volume of liabilities in 1H2020

Finance Materials 12 August 2020 11:34 (UTC +04:00)
International Bank of Azerbaijan - leader in volume of liabilities in 1H2020

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)


821.8 million manat ($483.4 million)


756.1 million manat ($444.7 million)


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)


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)


Follow the author on Twitter: @eldarjanashvili