BAKU, Azerbaijan, November 14. The International Bank of Azerbaijan (IBA) took the first place among TOP-10 local banks in terms of total volume of liabilities for the third quarter of 2022, Trend reports on November 14.
According to the IBA’s financial report, total volume of its liabilities for the reporting period amounted to 10.8 billion manat ($6.3 billion).
The second position among the top banks was taken by Kapital Bank with total liabilities volume of seven billion manat ($4.1 billion).
Pasha Bank ranked third with total liabilities worth 6.98 billion manat ($4.1 billion).
The total volume of the top three banks’ liabilities in the third quarter of this year equaled 24.87 billion manat ($14.63 billion), which is 64.96 percent of the total volume of liabilities of all banks in Azerbaijan (38.28 billion manat or $22.52 billion).
Azerbaijan’s TOP-10 banks in terms of total liabilities volume for 3Q2022:
|
Banks |
Total liabilities |
|
International Bank of Azerbaijan |
10.8 billion manat ($6.3 billion) |
|
Kapital Bank |
7 billion manat ($4.12 billion) |
|
Pasha Bank |
6.98 billion manat ($4.1 billion) |
|
Xalq Bank |
2.1 billion manat ($1.2 billion) |
|
Bank Respublika |
1.4 billion manat ($820 million) |
|
UniBank |
1.2 billion manat ($710 million) |
|
Access Bank |
956.37 million manat ($562.57 million) |
|
Azer Turk Bank |
783 million manat ($460.6 million) |
|
Rabita Bank |
779.08 million manat ($458.28 million) |
|
Turan Bank |
767.7 million manat ($451.6 million) |
The total liabilities of the TOP-10 banks amounted to 32.9 billion manat ($19.3 billion).