BAKU, Azerbaijan, August 11. The International Bank of Azerbaijan ranked first among Azerbaijani banks in terms of total assets following the second quarter of 2022, Trend reports.
According to the bank's financial report, total assets for the reporting period amounted to 1.446 billion manat ($850 billion).
Kapital Bank ranked second with total assets of 660.8 billion manat ($388.7 billion), while the third place was occupied by PASHA Bank with 649.061 billion manat ($381.8 billion).
The overall volume of assets of the first three banks made up 2.75 billion manat ($1.6 billion), or 53.78 percent of total assets of all Azerbaijani banks (5.125 billion manat, or $3 billion).
TOP 10 Azerbaijani banks by total assets for 1Q2022:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
1.446 billion manat ($850 billion) |
|
2 |
Kapital Bank |
660.8 billion manat ($388.7 billion) |
|
3 |
PASHA Bank |
649.061 billion manat ($381.8 billion) |
|
4 |
Xalq Bank |
450.2 billion manat ($264.8 billion) |
|
5 |
Premium Bank |
170.4 billion manat ($100.2 million) |
|
6 |
Expressbank |
129.3 billion manat ($76 million) |
|
7 |
Bank Respublika |
112.6 million manat ($66.2 million) |
|
8 |
UniBank |
110.5 million manat ($65 million) |
|
9 |
Bank of Baku |
108.9 million manat ($64 million) |
|
10 |
Azersenaye Bank |
105.9 million manat ($62.2 million) |
The overall capital of Azerbaijan's ten leading banks reached 3.944 billion manat ($2.3 billion).