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Azerbaijan discloses ranking of banks based on non-interest income ratio for 4Q2022

Finance Materials 31 January 2023 16:24 (UTC +04:00)
Azerbaijan discloses ranking of banks based on non-interest income ratio for 4Q2022
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 31. Kapital Bank had the highest non-interest income among Azerbaijani banks, following the results of 2022's fourth quarter, Trend reports.

According to the bank's financial report, its non-interest income for the reporting period amounted to 393.92 million manat ($231.7 million).

The second place was taken by the International Bank of Azerbaijan with a non-interest income of 197.35 million manat ($116.09 million).

Thus, PASHA Bank ranked third with a non-interest income of 185.634 million manat ($109.2 million).

The overall non-interest income of the first three banks is 776.9 million manat ($456.35 million), accounting for 73.46 percent of the total non-interest income of 10 banks in Azerbaijan (1.057 billion, $620.87 million), as well as 63.89 percent of the overall non-interest income of all Azerbaijani banks made up 1.215 billion manat ($714.7 million).

Ranking of Azerbaijani banks based on non-interest income ratio:

Banks

Non-interest income

1

Kapital Bank

393.9 million manat ($231.7 million)

2

International Bank of Azerbaijan

197.355 million manat ($116.09 million)

3

PASHA Bank

185.6 million manat ($109.2 million)

4

Unibank

69.6 million manat ($40.9 million)

5

Rabitabank

48.8 million manat ($28.7 million)

6

Muganbank

46 million manat ($27.05 million)

7

Bank Respublika

39.235 million manat ($23.08 million)

8

Azer Turk Bank

33.95 million manat ($19.97 million)

9

Xalq Bank

24.169 million manat ($14.2 million)

10

Yapi Kredi Bank Azerbaijan

18.89 million manat ($11.1 million)

11

Expressbank

18.439 million manat ($10.8 million)

12

Premium Bank

18.149 million manat ($10.67 million)

13

VTB Bank (Azerbaijan)

14.3 million manat ($8.4 million)

14

Turan Bank

13.91 million manat ($8.18 million)

15

Ziraat Bank Azerbaijan

13.18 million manat ($7.75 million)

16

AccessBank

13.078 million manat ($7.69 million)

17

Bank of Baku

11.8 million manat ($6.9 million)

18

AFB Bank

11.4 million manat ($6.7 million)

19

Azerbaijan Industry Bank

10.536 million manat ($6.19 million)

20

Yelo Bank

9.87 million manat ($5.8 million)

21

Gunay Bank

9.14 million manat ($5.37 million)

22

Nakhchivan Bank

6.27 million manat ($3.68 million)

23

Bank BTB

5.245 million manat ($3.08 million)

24

Bank Eurasia

2.77 million manat ($1.6 million)

25

Bank Melli Iran Baku

254,000 manat ($149,416)

According to the Central Bank of Azerbaijan, the net profit of the country's banking sector totaled 914.5 million manat ($537.17 million) from January through December 2022. This figure increased by 305.5 million manat ($179.4 million) or 50.16 percent against the same period in 2021 (609 million manat, $357.7 million).

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