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Ranking of Azerbaijani banks by investments in securities for 4Q2022

Finance Materials 30 January 2023 18:20 (UTC +04:00)
Ranking of Azerbaijani banks by investments in securities for 4Q2022
Kamran Gasimov
Kamran Gasimov
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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).

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