BAKU, Azerbaijan, January 30. Azerbaijan's Kapital Bank ranked first among the banks in terms of net profit, Trend reports.
According to the bank's financial report, its net profit amounted to 308.04 million manat ($181.2 million).
The International Bank of Azerbaijan took second place with the net profit of 254.3 million manat ($149.5 million).
PASHA Bank ranks thirds with a net profit of 149.3 million manat ($87.8 million).
Ranking of Azerbaijani banks in terms of net profit (loss):
|
Banks |
Net profit (loss) |
|
|
1 |
Kapital Bank |
308.04 million manat ($181.2 million) |
|
2 |
АВВ |
254.3 million manat ($149.5 million) |
|
3 |
PASHA Bank |
149.3 million manat ($87.82 million) |
|
4 |
Bank of Baku |
36.8 million manat ($21.6 million) |
|
5 |
Xalq Bank |
27.2 million manat ($16 million) |
|
6 |
Bank Respublika |
26.6 million manat ($15.6 million) |
|
7 |
Access Bank |
15.03 million manat ($8.8 million) |
|
8 |
Nakhchivan Bank |
13.05 million manat ($7.6 million) |
|
9 |
Express Bank |
12.4 million manat ($7.2 million) |
|
10 |
Bank VTB (Azerbaijan) |
11.9 million manat ($7 million) |
|
11 |
Rabitabank |
11.1 million manat ($6.5 million) |
|
12 |
Azer-Turk Bank |
11.02 million manat ($6.4 million) |
|
13 |
AFB Bank |
10.8 million manat ($6.35 million) |
|
14 |
Ziraat Bank Azerbaijan |
7.5 million manat ($4.4 million) |
|
15 |
Premium Bank |
5.4 million manat ($3.1 million) |
|
16 |
Azerbaijan Industrial Bank |
5.28 million manat ($3.1 million) |
|
17 |
Yelo Bank |
5.22 million manat ($3.07 million) |
|
18 |
Turan Bank |
1.9 million manat ($1.1 million) |
|
19 |
National Iran Bank Baku |
1.86 million manat ($1.09 million) |
|
20 |
Bank Avrasiya |
1.81 million manat ($1.06 million) |
|
21 |
Yapı Kredi Bank Azerbaijan |
1.1 million manat ($647,060) |
|
22 |
Unibank |
557,000 manat ($327,647) |
|
23 |
Gunay Bank |
490,000 manat ($288,235) |
|
24 |
Mughan Bank |
57,000 manat ($33,529) |
|
25 |
Bank BTB |
-4,975 manat ($-2,926) |
According to the CBA, the net profit of the banking sector increased by 305.5 million manat ($179.7 million), or 50.16 percent from January through December 2022 compared to the same period in 2021 - from 609 million manat ($358.2 million) to 914.5 million manat ($537.9 million).