BAKU, Azerbaijan, May 10. Azerbaijan’s Kapital Bank took first place in the ranking of local banks in terms of volume of interest incomes for the first quarter of 2022, Trend reports.
According to Kapital Bank’s financial statement, the volume of its interest incomes for the reporting period amounted to 139.95 million manat ($82.32 million).
The second position in the ranking was taken by the International Bank of Azerbaijan with an interest income volume of 119 million manat ($70 million).
Pasha Bank ranked third with an interest income volume of over 71.4 million manat ($42 million).
The total volume of the first three banks’ interest incomes in 1Q2022 amounted to 330.52 million manat ($194.42 million), which is 54.73 percent of the total interest income volume of all banks in Azerbaijan (603.8 million manat or $355.1 million).
Azerbaijan’s TOP-10 banks in volume of interest incomes for 1Q2022:
|
Banks |
Interest income |
|
Kapital Bank |
139.95 million manat ($82.32 million) |
|
International Bank of Azerbaijan |
119 million manat ($70 million) |
|
Pasha Bank |
71.4 million manat ($42 million) |
|
UniBank |
37.3 million manat ($21.9 million) |
|
Access Bank |
30.6 million manat ($18 million) |
|
Bank Respublika |
29.4 million manat ($17.3 million) |
|
Xalq Bank |
24.4 million manat ($14.3 million) |
|
Bank of Baku |
21 million manat ($12.3 million) |
|
Yelo Bank |
18.4 million manat ($10.8 million) |
|
Rabita Bank |
15.4 million manat ($9 million) |
The total volume of interest incomes of the top ten banks amounted to 507.4 million manat ($298.4 million).