BAKU, Azerbaijan, May 3. The International Bank ranked first among Azerbaijani banks in terms of total assets following the first quarter of 2022, Trend reports.
According to the bank's financial report, total assets for the reporting period amounted to 11.6 billion manat ($6.8 billion).
The second position in the ranking was taken by PASHA Bank with total assets of 7.1 billion manat ($4.17 billion), while the third place was occupied by Kapital Bank with 6.9 billion manat ($4.06 billion).
The overall volume of assets of the first three banks made up 25.7 billion manat ($15.1 billion), or 64.8 percent of total assets of all Azerbaijani banks (39.67 billion manat, or $23.3 billion).
TOP 10 Azerbaijani banks by total assets for 1Q2022:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
11.6 billion manat ($6.8 billion) |
|
2 |
PASHA Bank |
7.1 billion manat ($4.17 billion) |
|
3 |
Kapital Bank |
6.9 billion manat ($4.06 billion) |
|
4 |
Xalq Bank |
2.38 billion manat ($1.4 billion) |
|
5 |
Bank Respublika |
1.2 billion manat ($706.3 million) |
|
6 |
UniBank |
1.07 billion manat ($629.7 million) |
|
7 |
Access Bank |
983.6 million manat ($578.9 million) |
|
8 |
Rabita Bank |
902.78 million manat ($531.36 million) |
|
9 |
Azerbaijan Industry Bank |
810.5 million manat ($477.05 million) |
|
10 |
Turan Bank |
751.59 million manat ($442.37 million) |
The overall capital of Azerbaijan's ten leading banks reached 33.8 billion manat ($19.89 billion).