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TOP-10 Azerbaijani banks in volume of interest expenses for 1Q2022

Finance Materials 10 May 2022 16:02 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 10. Azerbaijan’s Kapital Bank took first place in the ranking of local banks in terms of volume of interest expenses for the first quarter of 2022, Trend reports.

According to Kapital Bank’s financial statement, the volume of its interest expenses for the reporting period amounted to 19.1 million manat ($11.2 million).

The second position in the ranking was taken by the International Bank of Azerbaijan with an interest expenses volume of 16.6 million manat ($9.7 million).

UniBank ranked third with interest expenses volume in the amount of over 13.38 million manat ($7.87 million).

The total volume of the first three banks’ interest expenses in 1Q2022 amounted to 49.2 million manat ($28.9 million).

Azerbaijan’s TOP-10 banks in terms of interest expenses volume for 1Q2022:

Banks

Interest expenses

Kapital Bank

19.1 million manat ($11.2 million)

International Bank of Azerbaijan

16.6 million manat ($9.7 million)

UniBank

13.38 million manat ($7.87 million)

Access Bank

13.2 million manat ($7.7 million)

Pasha Bank

12.1 million manat ($7.1 million)

Bank Respublika

11 million manat ($6.4 million)

Mugan Bank

8 million manat ($4.7 million)

Tuan Bank

7.8 million manat ($4.6 million)

Yelo Bank

6.5 million manat ($3.8 million)

Xalq Bank

5.4 million manat ($3.1 million)

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