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Ranking of Azerbaijani banks by operating profit for 4Q2022

Finance Materials 31 January 2023 16:32 (UTC +04:00)
Ranking of Azerbaijani banks by operating profit 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 operating profit in the fourth quarter of 2022, Trend reports.

According to the bank's financial report, the bank's operating profit equaled 460.4 million manat ($270.8 million).

International Bank of Azerbaijan with an operating profit of 395.4 million manat ranks second.

PASHA Bank took the third position with an operating profit worth 214.05 million manat ($125.9 million).

The total operating profit of all Azerbaijani banks amounted to 1.412 billion manat ($830.5 million).

The total operating profit of the first three banks equaled 1.069 billion manat ($628.8 million manat), or 83.46 percent of the overall operating profit of 10 Azerbaijani banks (1.2 billion manat or $705.8 million), or 75.76 percent of the overall operating profit of all Azerbaijani banks (1.4 billion manat or $823.5 million).

Ranking of Azerbaijani banks by operating profit:

Banks

Operating profit

1

Kapital Bank

460.4 million manat ($270.8 million)

2

International Bank of Azerbaijan

395.4 million manat ($232.5 million)

3

PASHA Bank

214.05 million manat ($125.9 million)

4

Xalq Bank

52.7 million manat ($31 million)

5

Bank of Baku

34.09 million manat ($20.05 million)

6

Bank Respublika

33.2 million manat ($19.5 million)

7

Unibank

26.7 million manat ($15.7 million)

8

Access Bank

24.3 million manat ($14.2 million)

9

Zıraat Bank Azerbaijan

20.7 million manat ($12.1 million)

10

Rabitabank

20.6 million manat ($12.1 million)

11

Azer-Turk Bank

18.6 million manat ($10.9 million)

12

Nakhchivan Bank

17.2 million manat ($10.1 million)

13

Mugan Bank

16.5 million manat ($9.7 million)

14

Express Bank

16.01 million manat ($9.4 million)

15

Turan Bank

11.4 million manat ($6.7 million)

16

Premium Bank

10.5 million manat ($6.1 million)

17

Yapı Credi Bank Azerbaijan

10.1 million manat ($5.9 million)

18

AFB Bank

9.9 million manat ($5.8 million)

19

Bank Eurasia

6.4 million manat ($3.7 million)

20

Azerbaijan Industry Bank

5.2 million manat ($3.06 million)

21

Bank VTB Azerbaijan

2.7 million manat ($1.5 million)

22

Gunay Bank

2.2 million manat ($1.2 million)

23

Bank Melli Iran - Baku

1.1 million manat ($647.060)

24

Bank BTB

848,000 manat ($498,823)

25

Yelo Bank

673,000 manat ($395,882)

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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