BAKU, Azerbaijan, November 9. The International Bank of Azerbaijan (IBA) ranked first among TOP-10 Azerbaijani banks in terms of total assets in the third quarter of 2022, Trend reports on November 9.
According to the IBA's financial report, its total assets for the reporting period amounted to 12.4 billion manat ($7.3 billion).
The second position among the TOP-10 banks was taken by Kapital Bank with total assets of 7.7 billion manat ($4.5 billion), and the third place - by Pasha Bank with 7.6 billion manat ($4.4 billion).
The overall volume of assets of the top three banks in the third quarter of this year made up 27.7 billion manat ($16.3 billion), or 63.62 percent of the total assets of all Azerbaijani banks (43.6 billion manat, or $25.6 billion).
TOP-10 Azerbaijani banks by total assets for 3Q2022:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
12.4 billion manat ($7.3 billion) |
|
2 |
Kapital Bank |
7.7 billion manat ($4.5 billion) |
|
3 |
Pasha Bank |
7.6 billion manat ($4.4 billion) |
|
4 |
Xalq Bank |
2.59 billion manat ($1.52 billion) |
|
5 |
Bank Respublika |
1.5 billion manat ($880 million) |
|
6 |
UniBank |
1.3 billion manat ($760 million) |
|
7 |
Access Bank |
1.05 billion manat ($620 million) |
|
8 |
Rabita Bank |
892.15 million manat ($524.8 million) |
|
9 |
Turan Bank |
857.9 million manat ($504.6 million) |
|
10 |
Azer Turk Bank |
844.19 million manat ($496.5 million) |
The overall capital of Azerbaijan's ten leading banks reached 36.8 billion manat ($21.6 billion).