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).