BAKU, Azerbaijan, November 14. The International Bank of Azerbaijan (IBA) ranked first among TOP-10 Azerbaijani banks in terms of total assets following the third quarter of 2022, Trend reports.
According to the IBA's financial report, total assets for the reporting period amounted to 1.43 billion manat ($841.1 million).
The second position among the TOP-10 banks was taken by Kapital Bank with total assets of 747.4 million manat ($439.6 million), and the third place - was by PASHA Bank with 676.5 million manat ($397.9 million).
The overall volume of assets of the first three banks made up 2.85 billion manat ($1.6 billion), or 53.82 percent of the total assets of all Azerbaijani banks (5.3` billion manat, or $3.1 billion).
TOP-10 Azerbaijani banks by total assets for 3Q2022:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
1.43 billion manat ($841.1 million) |
|
2 |
Kapital Bank |
747.4 million manat ($439.6 million) |
|
3 |
PASHA Bank |
676.5 million manat ($397.9 million) |
|
4 |
Xalq Bank |
460.3 million manat ($270.7 million) |
|
5 |
Premium Bank |
174.9 billion manat ($102.8 million) |
|
6 |
Expressbank |
132.8 million manat ($78.1 million) |
|
7 |
Bank Respublika |
124.9 million manat ($73.4 million) |
|
8 |
UniBank |
122.9 million manat ($72.2 million) |
|
9 |
Bank of Baku |
121.6 million manat ($71.5 million) |
|
10 |
Rabita Bank |
111.5 million manat ($65.5 million) |
The overall capital of Azerbaijan's ten leading banks reached 4.1 billion manat ($2.41 billion).