BAKU, Azerbaijan, May 2. Azerbaijan’s Bank of Baku took the first place in the ranking of local banks in terms of expenditure volume for the first quarter of 2022, Trend reports.
According to the financial report of the Bank of Baku, its expenditure volume for the reporting period amounted to 128.4 million manat ($75.5 million).
The second position in the ranking was taken by Kapital Bank with total spending volume of 122.8 million manat ($72.2 million).
International Bank of Azerbaijan ranked third with expenditure volume of 75.6 million manat ($44.4 million).
The total expenditure of the first three banks in 1Q2022 amounted to 326.8 million manat ($192.2 million).
Azerbaijan’s TOP-10 banks in terms of expenditures for 1Q2022:
|
Banks |
Total expenditure |
|
Bank of Baku |
128.4 million manat ($75.5 million) |
|
Kapital Bank |
122.8 million manat ($72.2 million) |
|
International Bank of Azerbaijan |
75.6 million manat ($44.4 million) |
|
Pasha Bank |
54.2 million manat ($31.8 million) |
|
Bank Respublika |
29.9 million manat ($17.6 million) |
|
Yelo Bank |
20.2 million manat ($11.8 million) |
|
Rabita Bank |
19.8 million manat ($11.6 million) |
|
Xalq Bank |
19.2 million manat ($11.3 million) |
|
Mugan Bank |
15.2 million manat ($8.9 million) |
|
Azer Turk Bank |
9.7 million manat ($5.7 million) |