BAKU, Azerbaijan, May 10. According to the results of 1Q2022, Kapital Bank took the first place among Azerbaijani banks in terms of non-interest income, Trend reports.
According to bank's financial report, volume of non-interest income amounted to 87.7 million manat ($51.6 million) for reporting period.
The second position in ranking was occupied by International Bank of Azerbaijan Republic (IBAR) with volume of non-interest income of 30.6 million manat ($18 million).
In third place is Pasha Bank with volume of non-interest income of 26.3 million manat ($15.4 million).
The total volume of non-interest income of first three banks is 144.6 million manat ($85 million) or 64.05 percent of total income of all Azerbaijani banks (225.8 million manat - $132.8 million).
TOP 10 banks in Azerbaijan by volume of non-interest income for 1Q2022
|
Banks |
Non-interest income |
|
|
1 |
Kapital Bank |
87.7 million manat ($51.6 million) |
|
2 |
International Bank of Azerbaijan |
30.6 million manat ($18 million) |
|
3 |
Pasha Bank |
26.3 million manat ($15.4 million) |
|
4 |
Mugan Bank |
11.05 million manat ($6.5 million) |
|
5 |
UniBank |
10.6 million manat ($6.2 million) |
|
6 |
Rabita Bank |
10.07 million manat ($5.9 million) |
|
7 |
Bank Respublika |
6.1 million manat ($3.6 million) |
|
8 |
VTB Bank |
5.3 million manat ($3.1 million) |
|
9 |
Xalq Bank |
5.2 million manat ($3.05 million) |
|
10 |
Yapi Kredi Bank |
3.8 million manat ($2.2 million) |