BAKU, Azerbaijan, August 11. The International Bank of Azerbaijan (IBA) took the first place in the ranking of local banks in terms of deposit portfolio volume for the second quarter of 2022, Trend reports.
According to the IBA’s financial report, its deposit portfolio for the reporting period amounted to 9.12 billion manat ($5.3 billion).
Pasha Bank comes up next with deposit portfolio of 5.951 billion manat ($3.5 billion).
Kapital Bank ranked third with deposit portfolio in the amount of 3.136 billion manat ($1.8 billion).
The total deposit portfolio of the first three banks in 2Q2022 amounted to 18.208 billion manat ($10.7 billion), which is 66.84 percent of the total deposit portfolio of all banks in Azerbaijan (27.2 billion manat or $16 billion).
Azerbaijan’s TOP-10 banks in terms of deposit portfolio for 1Q2022:
|
Banks |
Deposit portfolio |
|
International Bank of Azerbaijan |
9.1 billion manat ($5.3 billion) |
|
Pasha Bank |
5.9 billion manat ($3.4 billion) |
|
Kapital Bank |
3.1 billion manat ($1.8 billion) |
|
Xalq Bank |
1.7 billion manat ($1 billion) |
|
Bank Respublika |
774.8 million manat ($455.7 million) |
|
UniBank |
789.6 million manat ($464.4 million) |
|
AccessBank |
779.5 million manat ($458.5 million) |
|
Rabita Bank |
645.1 million manat ($379.4 million) |
|
Yelo Bank |
508.9 million manat ($299.3 million) |
|
Bank of Baku |
484.8 million manat ($285.1 million) |
The total deposit portfolio of the top ten banks amounted to 23.994 billion manat ($14.1 billion).