BAKU, Azerbaijan, August 12. The International Bank of Azerbaijan (IBA) took first place among the TOP-10 local banks in terms of loan portfolio volume for the second quarter of 2022, Trend reports.
According to the IBA’s financial report, its loan portfolio for the reporting period amounted to 3.44 billion manat ($2.02 billion).
The second position among the TOP-10 banks was taken by Kapital Bank with a loan portfolio of 3.1 billion manat ($1.8 billion).
Pasha Bank ranked third with a loan portfolio in the amount of 2.51 billion manat ($1.48 billion).
The total loan portfolio of the first three banks in 2Q2022 amounted to 9.08 billion manat ($5.34 billion), which is 49.66 percent of the total loan portfolio of all banks in Azerbaijan (18.3 billion manat or $10.7 billion).
Azerbaijan’s TOP-10 banks in terms of loan portfolio volume for 2Q2022:
|
Banks |
Loan portfolio |
|
International Bank of Azerbaijan |
3.44 billion manat ($2.02 billion) |
|
Kapital Bank |
3.1 billion manat ($1.8 billion) |
|
Pasha Bank |
2.51 billion manat ($1.48 billion) |
|
Xalq Bank |
1.4 billion manat ($820 million) |
|
Bank Respublika |
858.2 million manat ($504.8 million) |
|
UniBank |
828.2 million manat ($487.1 million) |
|
AccessBank |
712.4 million manat ($419 million) |
|
Rabita Bank |
556.4 million manat ($327.3 million) |
|
Yelo Bank |
537.4 million manat ($316.1 million) |
|
Turan Bank |
489.7 million manat ($288 million) |
The total loan portfolio of the TOP-10 banks reached 14.5 billion manat ($8.5 billion).