BAKU, Azerbaijan, November 9. Azerbaijan's Kapital Bank took the first place among local banks in terms of net profit volume in the third quarter of 2022, Trend reports on November 9.
According to the bank’s financial report, its net profit for the reporting period amounted to 210.6 million manat ($123.8 million).
The second position was taken by the International Bank of Azerbaijan with total net profit of 209.9 million manat ($123.4 million).
Pasha Bank ranked third with net profit of 109.7 million manat ($64.5 million).
The total net profit of the top three banks in the third quarter of this year amounted to 530.2 million manat ($311.8 million), which is 81.85 percent of the total net profit of all banks in Azerbaijan (647.83 million manat or $381 million).
Azerbaijan’s TOP-10 banks in terms of net profits for 3Q2022:
|
Banks |
Total net profit |
|
Kapital Bank |
210.6 million manat ($123.8 million) |
|
International Bank of Azerbaijan |
209.9 million manat ($123.4 million) |
|
Pasha Bank |
109.7 million manat ($64.5 million) |
|
Bank of Baku |
30.7 million manat ($18 million) |
|
Xalq Bank |
19.9 million manat ($11.7 million) |
|
Bank Respublika |
19 million manat ($11.18 million) |
|
Rabita Bank |
12.67 million manat ($7.45 million) |
|
Nakhchivan Bank |
12.4 million manat ($7.3 million) |
|
AFB Bank |
11.4 million manat ($6.7 million) |
|
Express Bank |
11.2 million manat ($6.6 million) |