BAKU, Azerbaijan, January 30. International Bank of Azerbaijan ranked first among local Azerbaijani banks in terms of volume of total liabilities in the fourth quarter of 2022, Trend reports.
According to the bank's financial report, the bank's total liabilities for the reporting period amounted to 12.4 billion manat ($7.2 billion).
PASHA Bank took the second position in the ranking with total liabilities worth 7.85 billion manat ($4.6 billion).
Kapital Bank ranked third with total liabilities worth 6.9 billion manat ($4.06 billion).
The total liabilities of the first three banks accounted for 30.3 billion manat ($17.8 billion) or 76.14 percent of the overall volume of the total liabilities of the 10 Azerbaijani banks (35.8 billion manat), or 65.79 percent of the overall volume of the total liabilities of all Azerbaijani banks (41.4 billion manat or $24.3 billion).
Ranking of Azerbaijani banks by total liabilities:
|
Banks |
Total liabilities |
|
|
1 |
International Bank of Azerbaijan |
12.4 billion manat ($7.2 billion) |
|
2 |
PASHA Bank |
7.85 billion manat ($4.6 billion) |
|
3 |
Kapital Bank |
6.9 billion manat ($4.06 billion) |
|
4 |
Xalq Bank |
2.2 billion manat ($1.2 billion) |
|
5 |
Bank Respublika |
1.46 billion manat ($858.82 billion) |
|
6 |
Unibank |
1.32 billion manat ($776.47 billion) |
|
7 |
Access Bank |
1.05 billion manat ($617.65 billion) |
|
8 |
Azer-Turk Bank |
895.9 million manat ($527 million) |
|
9 |
Rabitabank |
843.3 million manat ($496.06 million) |
|
10 |
Yelo Bank |
745.2 million manat ($438.3 million) |
|
11 |
Turan Bank |
731.2 million manat ($430.1 million) |
|
12 |
Mugan Bank |
706.1 million manat ($415.3 million) |
|
13 |
Azerbaijan Industrial Bank |
637.5 million manat ($375 million) |
|
14 |
Bank of Baku |
578.3 million manat ($340.1 million) |
|
15 |
Premium Bank |
509.6 million manat ($299.7 million) |
|
16 |
Zıraat Bank Azerbaijan |
422.4 million manat ($248.4 million) |
|
17 |
Yapı Kredi Bank Azerbaijan |
397.8 million manat ($234 million) |
|
18 |
Bank BTB |
324.1 million manat ($190.6 million) |
|
19 |
Express Bank |
307.8 million manat ($181.06 million) |
|
20 |
Nakhchivan Bank |
234.2 million manat ($137.7 million) |
|
21 |
Gunay Bank |
213.7 million manat ($125.7 million) |
|
22 |
AFB Bank |
198.9 million manat ($117 million) |
|
23 |
Bank VTB (Azerbaijan) |
158.2 million manat ($93.06 million) |
|
24 |
Bank Avrasiya |
150.4 million manat ($88.4 million) |
|
25 |
Bank Melli Iran - Baku |
59.3 million manat ($34.8 million) |
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).
The total assets of banks exceeded 47.05 billion manat ($27.6 billion) in Azerbaijan as of January 1, 2023, total liabilities - 41.4 billion manat ($24.3 billion), and total capital - 5.6 billion manat ($3.2 billion). Assets, liabilities, and capital of the banking sector increased by 22.34, 23.71, and 13.14 percent, respectively, compared to the same period in 2021.