...

Ranking of Azerbaijani banks by revenues for 4Q2022

Finance Materials 30 January 2023 17:28 (UTC +04:00)
Ranking of Azerbaijani banks by revenues for 4Q2022
Kamran Gasimov
Kamran Gasimov
Read more

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).

Tags:
Latest

Latest