BAKU, Azerbaijan, January 31. Azerbaijan's Kapital Bank ranks first among the banks in terms of interest income in the fourth quarter of 2022, Trend reports.
According to the bank's financial report, the banks interest income equaled 609.3 million manat ($358.4 million) during the accounting period.
International Bank of Azerbaijan took the second position with an interest income of 582.8 million manat ($342.8 million).
PASHA Banks ranks third with interest income worth 312.3 million manat ($183.7 million).
The total volume of interest income of the first three banks is 1.504 billion manat ($884.7 million), or 64.93 percent of the overall interest income of 10 banks of Azerbaijan (2.3 billion manat or $1.3 billion), or 54.93 percent of the overall interest income of all banks of Azerbaijan (2.7 billion manat or $1.5 billion).
Raking of Azerbaijani banks by interest income:
Banks |
Interest income |
|
1 |
Kapital Bank |
609.3 million manat ($358.4 million) |
2 |
International Bank of Azerbaijan |
582.8 million manat ($342.8 million) |
3 |
PASHA Bank |
312.3 million manat ($183.7 million) |
4 |
Unibank |
163.02 million manat ($95.8 million) |
5 |
Access Bank |
140.5 million manat ($82.6 million) |
6 |
Bank Respublika |
138.5 million manat ($81.4 million) |
7 |
Xalq Bank |
115.3 million manat ($67.8 million) |
8 |
Bank of Baku |
100.07 million manat ($58.8 million) |
9 |
Yelo Bank |
86.5 million manat ($50.8 million) |
10 |
Rabitabank |
68.4 million manat ($40.2 million) |
11 |
Turan Bank |
62.8 million manat ($36.9 million) |
12 |
Express Bank |
48.2 million manat ($28.3 million) |
13 |
Mugan Bank |
40.01 million manat ($28.3 million) |
14 |
Azer-Turk Bank |
35.2 million manat ($20.7 million) |
15 |
Zıraat Bank Azerbaijan |
31.4 million manat ($18.4 million) |
16 |
Premium Bank |
30.7 million manat ($18.06 million) |
17 |
Bank BTB |
26.7 million manat ($15.7 million) |
18 |
Yapı Kredi Bank Azerbaijan |
26.2 million manat ($15.4 million) |
19 |
Azerbaijan Industrial Bank |
25.07 million manat ($14.7 million) |
20 |
Bank VTB (Azerbaijan) |
24.9 million manat ($14.6 million) |
21 |
Nakhchivan Bank |
20.8 million manat ($12.2 million) |
22 |
AFB Bank |
18.2 million manat ($10.7 million) |
23 |
Gunay Bank |
14.8 million manat ($8.7 million) |
24 |
Bank Avrasiya |
12.7 million manat ($7.4 million) |
25 |
Bank Melli Iran - Baku |
3.4 million manat ($2 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).