BAKU, Azerbaijan, August 11. Azerbaijan’s Kapital Bank took first place in the ranking of local banks in terms of incomes for the second quarter of 2022, Trend reports.
According to the financial report of the bank, the incomes of Kapital Bank for the reporting period amounted to 480.3 million manat ($282.5 million).
The second position was taken by the International Bank of Azerbaijan with a total income of 335.4 million manat ($197.3 million).
Pasha Bank ranked third with incomes in the amount of 223.8 million manat ($131.6 million).
The total income of the first three banks in 2Q2022 amounted to 1.03 billion manat ($610 million), which is 58.91 percent of the total income of all banks in Azerbaijan (1.7 billion manat or $1 billion).
Azerbaijan’s TOP-10 banks in terms of incomes for 2Q2022:
|
Banks |
Total income |
|
Kapital Bank |
480.3 million manat ($282.5 million) |
|
International Bank of Azerbaijan |
335.4 million manat ($197.3 million) |
|
Pasha Bank |
223.8 million manat ($131.6 million) |
|
UniBank |
99.7 million manat ($58.6 million) |
|
Bank Respublika |
79.8 million manat ($46.9 million) |
|
AccessBank |
68.6 million manat ($40.3 million) |
|
Xalq Bank |
60.5 million manat ($35.6 million) |
|
Rabita Bank |
53.9 million manat ($31.7 million) |
|
Bank of Baku |
51.1 million manat ($30 million) |
|
Yelo Bank |
45.8 million manat ($26.9 million) |
The total income of the top ten banks amounted to 1.49 billion manat ($880 million).