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

Finance Materials 10 May 2022 17:32 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 10. According to the results of 1Q2022, the first place in terms of non-interest expenses among Azerbaijani banks was taken by Bank of Baku, Trend reports.

According to bank's financial report, volume of non-interest expenses amounted to 124.1 million manat ($73 million) for reporting period.

The second position in the ranking was held by Kapital Bank with volume of non-interest expenses in the amount of 103.6 million manat ($60.9 million).

International Bank of Azerbaijan Republic (IBAR) with 58.9 million manat ($34.6 million) took the third spot.

The total volume of non-interest expenses of first three banks is 286.7 million manat ($168.6 million).

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

Banks

Non-interest expenses

1

Bank of Baku

124.1 million manat ($73 million)

2

Kapital Bank

103.6 million manat ($60.9 million)

3

International Bank of Azerbaijan

58.9 million manat ($34.6 million)

4

Pasha Bank

42.1 million manat ($24.7 million)

5

UniBank

30.4 million manat ($17.8 million)

6

Bank Respublika

18.8 million manat ($11.05 million)

7

AccessBank

16.9 million manat ($9.9 million)

8

Rabita Bank

15.3 million manat ($9 million)

9

Xalq Bank

13.8 million manat ($8.1 million)

10

Yelo Bank

13.6 million manat ($8 million)

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