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Raking of Azerbaijani banks by interest income for 4Q2022

Finance Materials 31 January 2023 16:07 (UTC +04:00)
Raking of Azerbaijani banks by interest income for 4Q2022
Kamran Gasimov
Kamran Gasimov
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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).

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