BAKU, Azerbaijan, August 12. The International Bank of Azerbaijan (IBA) ranked first among TOP-10 Azerbaijani banks in terms of total assets following the second quarter of 2022, Trend reports.
According to the IBA's financial report, total assets for the reporting period amounted to 12.08 billion manat ($7.1 billion).
The second position among the TOP-10 banks was taken by Kapital Bank with total assets of 7.6 billion manat ($4.4 billion), and the third place - was by PASHA Bank with 7.4 billion manat ($4.3 billion).
The overall volume of assets of the first three banks made up 27.1 billion manat ($15.9 billion), or 64.67 percent of the total assets of all Azerbaijani banks (41.9 billion manat, or $24.6 billion).
TOP-10 Azerbaijani banks by total assets for 2Q2022:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
12.08 billion manat ($7.1 billion) |
|
2 |
Kapital Bank |
7.6 billion manat ($4.4 billion) |
|
3 |
PASHA Bank |
7.4 billion manat ($4.3 billion) |
|
4 |
Xalq Bank |
2.5 billion manat ($1.4 billion) |
|
5 |
Bank Respublika |
1.37 billion manat ($810 million) |
|
6 |
UniBank |
1.14 billion manat ($670 million) |
|
7 |
Access Bank |
1 million manat ($590 million) |
|
8 |
Rabita Bank |
965.2 million manat ($567.7 million) |
|
9 |
Turan Bank |
788.7 million manat ($463.9 million) |
|
10 |
Yelo Bank |
750 million manat ($441.1 million) |
The overall capital of Azerbaijan's ten leading banks reached 35.6 billion manat ($20.9 billion).