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) |