BAKU, Azerbaijan, January 30. International Bank of Azerbaijan ranks first among the banks in terms of investments in securities in the fourth quarter of 2022, Trend reports.
According to the bank's financial report, the bank's volume of investments in securities equaled 3.04 billion manat ($1.7 billion).
Kapital Banks took the second position with an investment volume of 2.47 billion manat ($1.4 billion).
PASHA Bank ranks third with an investment volume worth 1.74 billion manat ($1.02 billion).
The total investment volume of all Azerbaijani banks amounted to 8.3 billion manat ($4.8 billion).
The total investment volume of the first three banks equaled 7.26 billion manat ($4.2 billion), or 90.48 percent of the overall investment volume of 10 Azerbaijani banks (8.02 billion manat or $4.72 billion), or 86.75 percent of the overall investment volume of all Azerbaijani banks (8.3 billion manat or $4.8 billion).
Ranking of Azerbaijani banks by investments in securities:
№ |
Banks |
Volume of investments |
1 |
International Bank of Azerbaijan |
3.04 billion manat ($1.7 billion) |
2 |
Kapital Bank |
2.4 billion manat ($1.4 billion) |
3 |
PASHA Bank |
1.7 billion manat ($1 billion) |
4 |
Xalq Bank |
192.4 million manat ($113.1 million) |
5 |
Azer-Turk Bank |
120.9 million manat ($71.1 million) |
6 |
Rabitabank |
117.9 million manat ($69.3 million) |
7 |
Access Bank |
93.3 million manat ($54.8 million) |
8 |
Yapı Credi Bank Azerbaijan |
83.9 million manat ($49.3 million) |
9 |
Nakhchivan Bank |
82.4 million manat ($48.4 million) |
10 |
Unibank |
73.1 million manat ($43 million) |
11 |
Bank Respublika |
64 million manat ($37.6 million) |
12 |
Turan Bank |
51.3 million manat ($30.1 million) |
13 |
Express Bank |
43.6 million manat ($25.6 million) |
14 |
Yelo Bank |
36.7 million manat ($21.5 million) |
15 |
Zıraat Bank Azerbaijan |
30.5 million manat ($17.9 million) |
16 |
Bank VTB Azerbaijan |
24.4 million manat ($14.3 million) |
17 |
Bank Melli Iran - Baku |
23.8 million manat ($14 million) |
18 |
Bank of Baku |
22.7 million manat ($13.3 million) |
19 |
AFB Bank |
18.4 million manat ($10.8 million) |
20 |
Bank Eurasia |
17.9 million manat ($10.5 million) |
21 |
Bank BTB |
10.4 million manat ($6.12 million) |
22 |
Azerbaijan Industry Bank |
0 |
23 |
Gunay Bank |
0 |
24 |
Mugan Bank |
0 |
25 |
Premium Bank |
0 |
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).