BAKU, Azerbaijan, November 14. The International Bank of Azerbaijan (IBA) took first place among the TOP-10 local banks in terms of loan portfolio volume for the third quarter of 2022, Trend reports.
According to the IBA’s financial report, its loan portfolio for the reporting period amounted to 3.5 billion manat ($1.8 billion).
The second position among the TOP-10 banks was occupied by Kapital Bank with a loan portfolio of 3.2 billion manat ($2.05 billion).
Pasha Bank ranked third with a loan portfolio in the amount of 2.6 billion manat ($1.5 billion).
The total loan portfolio of the first three banks in 3Q2022 amounted to 9.42 billion manat ($5.54 billion), which is 49.22 percent of the total loan portfolio of all banks in Azerbaijan (19.1 billion manat or $11.2 billion).
Azerbaijan’s TOP-10 banks in terms of loan portfolio volume for 3Q2022:
|
Banks |
Loan portfolio |
|
International Bank of Azerbaijan |
3.51 billion manat ($2.06 billion) |
|
Kapital Bank |
3.23 billion manat ($1.9 billion) |
|
Pasha Bank |
2.66 billion manat ($1.56 billion) |
|
Xalq Bank |
1.57 billion manat ($923.5 million) |
|
Bank Respublika |
914.8 million manat ($538.1 million) |
|
UniBank |
878.8 million manat ($516.9 million) |
|
AccessBank |
765.4 million manat ($450.2 million) |
|
Rabita Bank |
597.4 million manat ($351.4 million) |
|
Yelo Bank |
580.4 million manat ($341.4 million) |
|
Bank of Baku |
531.9 million manat ($312.8 million) |
The total loan portfolio of the TOP-10 banks reached 15.2 billion manat ($8.9 billion).