BAKU, Azerbaijan, August 12. The International Bank of Azerbaijan (IBA) took the first place among TOP-10 local banks in terms of total volume of liabilities for the second quarter of 2022, Trend reports.
According to the IBA’s financial report, total volume of its liabilities for the reporting period amounted to over 10.5 billion manat ($6.18 billion).
The second position among the top banks was taken by Kapital Bank with total liabilities volume of 6.97 billion manat ($4.1 billion).
Pasha Bank ranked third with total liabilities worth 6.8 billion manat ($4 billion).
The total volume of the first three banks’ liabilities in 2Q2022 equaled 24.3 billion manat ($14.3 billion), which is 66.19 percent of the total volume of liabilities of all banks in Azerbaijan (36.7 billion manat or $21.6 billion).
Azerbaijan’s TOP-10 banks in terms of total liabilities volume for 2Q2022:
|
Banks |
Total liabilities |
|
International Bank of Azerbaijan |
10.5 billion manat ($6.18 billion) |
|
Kapital Bank |
6.97 billion manat ($4.1 billion) |
|
Pasha Bank |
6.8 billion manat ($4 billion) |
|
Xalq Bank |
2.07 billion manat ($1.2 billion) |
|
Bank Respublika |
1.27 billion manat ($750 million) |
|
UniBank |
1.03 billion manat ($610 million) |
|
Access Bank |
911.7 million manat ($536.3 million) |
|
Rabita Bank |
860.6 million manat ($506.2 million) |
|
Turan Bank |
699.3 million manat ($411.3 million) |
|
Yelo Bank |
677.8 million manat ($398.7 million) |
The total liabilities of the TOP-10 banks amounted to 31.8 billion manat ($18.7 billion).