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).