BAKU, Azerbaijan, Oct.27
By Leman Zeynalova - Trend:
The International Bank of Azerbaijan (IBA) ranked the first among Azerbaijani banks, in terms of net profit, from July through September 2021, Trend reports referring to the financial report of the bank.
The total net profit of the IBA amounted to 197.1 million manat ($115.9 million).
Kapital Bank ranked the second with the total net profit of 135.1 million manat ($79.4 million).
Pasha Bank ranked the third with the net profit of 69.2 million manat ($40.7 million).
The total net profit of the first three banks in the ranking reached 398.6 million manat ($234.4 million), which is 78.9 percent of the total net profit of all banks in Azerbaijan (504.9 million manat or $297 million).
TOP-10 banks in Azerbaijan by volume of net profit in the third quarter of 2021:
|
Banks |
Net profit |
|
|
1 |
International Bank of Azerbaijan |
197.1 million manat ($115.9 million) |
|
2 |
Kapital Bank |
135.1 million manat ($79.4 million) |
|
3 |
Pasha Bank |
69.2 million manat ($40.7 million) |
|
4 |
Bank of Baku |
16.7 million manat ($9.8 million) |
|
5 |
Xalq Bank |
14.2 million manat ($8.3 million) |
|
6 |
Bank Respublika |
12.09 million manat ($7.1 million) |
|
7 |
Yelo Bank |
11.3 million manat ($6.6 million) |
|
8 |
AFB Bank |
8.6 million manat ($5.06 million) |
|
9 |
Expressbank |
8.1 million manat ($4.7 million) |
|
10 |
Premium Bank |
6.9 million manat ($4.06 million) |
The total net profit of the 10 leading banks in Azerbaijan amounted to 479.9 million manat ($282.2 million). The average profit of the first 10 banks equaled almost 48 million manat ($28.2 million).
(1 USD = 1.7 AZN on Oct.27)
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