BAKU, Azerbaijan, November 11. The International Bank of Azerbaijan (IBA) took the first place among local banks in terms of deposit portfolio volume for the third quarter of 2022, Trend reports on November 11.
According to the IBA’s financial report, its deposit portfolio for the reporting period amounted to 9.6 billion manat ($5.6 billion).
Pasha Bank ranked second with deposit portfolio of 6.1 billion manat ($3.6 billion), and Kapital Bank - third with deposit portfolio in the amount of 3.2 billion manat ($1.8 billion).
The total deposit portfolio of the first three banks in the third quarter of this year amounted to 19 billion manat ($11.18 billion), which is 66.42 percent of the total deposit portfolio of all banks in Azerbaijan (28.6 billion manat or $16.8 billion).
Azerbaijan’s TOP-10 banks in terms of deposit portfolio for 3Q2022:
|
Banks |
Deposit portfolio |
|
International Bank of Azerbaijan |
9.6 billion manat ($5.6 billion) |
|
Pasha Bank |
6.1 billion manat ($3.6 billion) |
|
Kapital Bank |
3.2 billion manat ($1.8 billion) |
|
Xalq Bank |
1.7 billion manat ($1 billion) |
|
Bank Respublika |
943.2 million manat ($554.8 million) |
|
UniBank |
855.3 million manat ($503.1 million) |
|
AccessBank |
802.18 million manat ($471.87 million) |
|
Premium Bank |
575.7 million manat ($338.6 million) |
|
Rabita Bank |
553.2 million manat ($325.4 million) |
|
Yelo Bank |
550.37 million manat ($323.75 million) |
The total deposit portfolio of the top ten banks amounted to 25.07 billion manat ($14.75 billion).