BAKU, Azerbaijan, Nov. 1
By Nazrin Israfilova - Trend:
The International Bank of Azerbaijan (IBA) ranked first among Azerbaijani banks in terms of the loan portfolio in the fourth quarter of 2021, Trend reports.
The loan portfolio of the IBA amounted to 3.099 billion manat ($1.8 billion).
Kapital Bank ranked second with a loan portfolio of 2.652 billion manat ($1.5 billion).
Pasha Bank ranked third with a loan portfolio of 2.335 billion manat ($1.3 billion).
The total loan portfolio of the first three banks in the ranking reached 8.086 billion manat ($4.7 billion), which is 47.95 percent of the total loan portfolio of all banks in Azerbaijan (16.659 billion manat or $9.8 billion).
TOP-10 banks in Azerbaijan by volume of the loan portfolio in the fourth quarter of 2021:
|
Banks |
Loan portfolio |
|
International Bank of Azerbaijan |
3.099 billion manat ($1.8 billion) |
|
Kapital Bank |
2.652 billion manat ($1.5 billion) |
|
Pasha Bank |
2.335 billion manat ($1.3 billion) |
|
Xalq Bank |
1.406 billion manat ($827.5 million) |
|
UniBank |
739.2 million manat ($435 million) |
|
Bank Respublika |
719.9 million manat ($423.7 million) |
|
AccessBank |
632.4 million manat ($372.2 million) |
|
Premium Bank |
508 million manat ($299 million) |
|
Rabita Bank |
473.9 million manat ($278.9 million) |
|
Yelo Bank |
446 million manat ($262.5 million) |
The official exchange rate as of Feb. 1 is 1.7 AZN/USD.