BAKU, Azerbaijan, Oct. 27
By Leman Zeynalova - Trend:
Kapital Bank took the first place in terms of expenditures in Azerbaijan in 3Q2021, Trend reports.
According to the financial report of the bank, the volume of expenses of Kapital Bank for the reporting period amounted to 286.347 million manats ($168.5 million).
The second position in the ranking was taken by the International Bank of Azerbaijan with total expenditures in the amount of 223.256 million manats ($131.4 million).
Pasha Bank ranks third with expenditures in the amount of 166.414 million manats ($98 million).
The total expenditure of the first three banks amounted to 676.02 million manats ($397.8 million), which is 72.6 percent of the total expenditure of all banks in Azerbaijan (931.2 million manats / $584 million).
Azerbaijan’s TOP-10 banks in terms of expenditures for 3Q2021 (1,000 manats):
|
Banks |
Total expenditures |
|
Kapital Bank |
286,347.00 |
|
International Bank |
223,256.79 |
|
Pasha Bank |
166,414.00 |
|
Bank Respublika |
72,135.43 |
|
Xalq Bank |
54,329.55 |
|
Yelo Bank |
47,259.97 |
|
Rabita Bank |
43,981.00 |
|
Mugan Bank |
42,798.82 |
|
Bank of Baku |
40,277.79 |
|
Premium Bank |
35,846.00 |
The total volume of expenditures of the top ten banks amounted to 1.012 billion manats ($595 million). The average expenditure of the first ten banks amounted to almost 101.2 million manats ($59.5 million).
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