BAKU, Azerbaijan, January 30. Azerbaijan's Kapital Bank ranked first among the banks in terms of revenues in the fourth quarter of 2022, Trend reports.
According to the financial report of the bank, the revenues of Kapital Bank equaled 1.003 billion manat ($590 million).
International Bank of Azerbaijan took second place with a total income of 780.2 million manat ($458.9 million).
PASHA Bank ranked third with total revenues worth 497.8 million manat ($292.8 million).
The overall revenues of the first three banks totaled 2.2 billion manat ($1.2 billion), or 68.91 percent of the total volume of the revenues of 10 Azerbaijani banks (3.3 billion manat), or 57.69 percent of the overall volume of revenues of all banks of Azerbaijan (3.9 billion manat or $2.2 billion).
Ranking of Azerbaijani banks by revenues:
Banks |
Revenues |
|
1 |
Kapital Bank |
1.003 billion manat ($590 billion) |
2 |
International Bank of Azerbaijan |
780.2 million manat ($458.9 million) |
3 |
PASHA Bank |
497.9 million manat ($292.8 million) |
4 |
Unibank |
232.6 million manat ($136.8 million) |
5 |
Bank Respublika |
177.8 million manat ($104.5 million) |
6 |
Access Bank |
153.6 million manat ($90.3 million) |
7 |
Xalq Bank |
139.5 million manat ($82.06 million) |
8 |
Rabitabank |
117.2 million manat ($68.9 million) |
9 |
Bank of Baku |
111.8 million manat ($65.7 million) |
10 |
Yelo Bank |
96.3 million manat ($56.6 million) |
11 |
Mugan Bank |
86.01 million manat ($50.5 million) |
12 |
Turan Bank |
76.7 million manat ($45.1 million) |
13 |
Azer-Turk Bank |
69.2 million manat ($40.7 million) |
14 |
Express Bank |
66.6 million manat ($39.1 million) |
15 |
Premium Bank |
48.8 million manat ($28.7 million) |
16 |
Yapı Kredi Bank Azerbaijan |
45.1 million manat ($26.5 million) |
17 |
Zıraat Bank Azerbaijan |
44.6 million manat ($26.2 million) |
18 |
Bank VTB (Azerbaijan) |
39.2 million manat ($23.06 million) |
19 |
Azerbaijan Industrial Bank |
35.6 million million)manat ($20.9 |
20 |
Bank BTB |
32.03 million manat ($18.8 million) |
21 |
AFB Bank |
29.6 million manat ($17.4 million) |
22 |
Nakhchivan Bank |
27.1 million manat ($15.9 million) |
23 |
Gunay Bank |
23.9 million manat ($14.06 million) |
24 |
Bank Avrasiya |
15.5 million manat ($9.12 million) |
25 |
Bank Melli Iran - Baku |
3.7 million manat ($2.1 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).