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Top 10 Azerbaijani banks in terms of non-interest income for 1Q2022

Finance Materials 10 May 2022 16:46 (UTC +04:00)
Top 10 Azerbaijani banks in terms of non-interest income for 1Q2022
Kamran Gasimov
Kamran Gasimov
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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)

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