Azerbaijan discloses total 3Q2020 profits of banks

Azerbaijan discloses total 3Q2020 profits of banks

BAKU, Azerbaijan, Nov.10

By Zeyni Jafarov - Trend:

Azerbaijan's Kapital Bank ranked first in terms of net profit in the country, as of 3Q2020, as the bank’s net profit amounted to 245.6 million manat ($144.4 million) while total income and expenses – 480.1 million manat ($282.4 million) and 346.3 million manat ($203.7 million), respectively, Trend reports.

The International Bank of Azerbaijan with a total net profit worth 135.4 million manat ($79.6 million) and total income and expenses worth 391 million manat ($230 million) and 190.4 million manat ($112 million), respectively, ranked second.

As of October 1, Pasha Bank earned 60.5 million manat ($35.5 million). The bank with income and expenses worth 226 million manat ($132.9 million) and 135.3 million manat ($79.5 million), respectively, ranked third.

The total profit of the three mentioned banks reached 441 million manat ($259.4 million), making up over 86 percent of the entire profit in the country's banking sector. More than half of the entire bank income and 63.7 percent of the entire bank expenses account for three leading banks.

In general, the total profit of Azerbaijani banks reaches 512.8 million manat ($301.6 million), while the volume of income and expenses – 1.9 billion manat ($1.1 billion) and 1.05 billion manat ($620 million), respectively.

The full ranking of Azerbaijani banks in terms of net profit and total expenses and income for the third quarter of 2020 is as follows:


Volume of net profit

Volume of total income

Volume of total expenses

Kapital Bank

245.6 million manat ($144.4 million)

480.1 million manat ($282.4 million)

346.3 million manat ($203.7 million)

International Bank

135.4 million manat ($79.6 million)

391 million manat ($230 million)

190.4 million manat ($112 million)

Pasha Bank

60.5 million manat ($35.5 million)

226 million manat ($132.9 million)

135.3 million manat ($79.5 million)

Xalq Bank

25.9 million manat ($15.2 million)

102.5 million manat ($60.2 million)

51.7 million manat ($30.4 million)

Bank Respublika

5.8 million manat ($3.4 million)

75 million manat ($44.1 million)

62.5 million manat ($36.7 million)


5.1 million manat ($3 million)

28.8 million manat ($16.9 million)

23.2 million manat ($13.6 million)


3 million manat ($1.7 million)

79.2 million manat ($46.5 million)

- 75.6 million manat ($44.4 million)

Rabita Bank

3.8 million manat ($2.2 million)

43.7 million manat ($25.7 million)

30.2 million manat ($17.7 million)


11.2 million manat ($6.5 million)

84.9 million manat ($49.9 million)

- 58.4 million manat ($34.3 million)

Premium Bank

7.6 million manat ($4.4 million)

37.4 million manat ($22 million)

33.8 million manat ($19.8 million)

Turan Bank

1.41 million manat ($830,000 million)

30.1 million manat ($17.7 million)

- 28.4 million manat ($16.7 million)

AFB Bank

1.7 million manat ($1 million)

26.6 million manat ($15.6 million)

14 million manat ($8.2 million)

Mugan Bank

- 1.8 million manat ($1.06 million)

33.7 million manat ($19.8 million)

35.3 million manat ($20.7 million)

Yelo Bank

- 23.1 million manat ($13.5 million)

43.3 million manat ($25.4 million)

43.5 million manat ($25.5 million)

Bank of Baku

8.6 million manat ($5.06 million)

47.6 million manat ($28 million)

67.7 million manat ($39.8 million)

BTB Bank

442,000 manat ($260,000 million)

22.9 million manat ($13.4 million)

122 million manat ($71.7 million)

Azer–Turk Bank

89,000 manat ($52,300 million)

22.8 million manat ($13.4 million)

22.1 million manat ($13 million)


1.5 million manat ($880,000)

30.7 million manat ($18 million)

21 million manat ($12.3 million)


7.4 million manat ($4.3 million)

39.5 million manat ($23.2 million)

- 30.3 million manat ($17.8 million)


1.9 million manat ($1.1 million)

17.3 million manat ($10.1 million)

11.6 million manat ($6.8 million)

Nakhichivan Bank

6.7 million manat ($3.9 million)

12.4 million manat ($7.2 million)

3.8 million manat ($2.2 million)

Gunay Bank

246.8 million manat ($145.1 million)

14.6 million manat ($8.5 million)

12.3 million manat ($7.2 million)

VTB Bank

2.58 million manat ($1.5 million)

8.7 million manat ($5.1 million)

14.3 million manat ($8.4 million)

Avrasiya Bank

195.5 million manat ($115 million)

9.3 million manat ($5.4 million)

4.9 million manat ($2.8 million)

Pakistan Bank

- 314.9 million manat ($185.2 million)

295.9 million manat ($174 million)

613 million manat ($360.5 million)

Bank Melli Iran

898.7 million manat ($528.6 million)

2.04 million manat ($1.2 million)

- 200.5 million manat ($117.9 million)


512.8 million manat ($301.6 million)

1.9 billion manat ($1.1 billion)

1.05 billion manat ($620 million)


Follow the author on Twitter: @jafarov_zeyni

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