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Azerbaijan shares data on TOP-10 banks in terms of incomes for 2Q2022

Finance Materials 11 August 2022 15:50 (UTC +04:00)
Azerbaijan shares data on TOP-10  banks in terms of incomes for 2Q2022
Kamran Gasimov
Kamran Gasimov
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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).

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