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Azerbaijan reveals TOP 10 banks by total assets for 2Q2022

Finance Materials 11 August 2022 16:53 (UTC +04:00)
Azerbaijan reveals TOP 10 banks by total assets for 2Q2022
Kamran Gasimov
Kamran Gasimov
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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).

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