BAKU, Azerbaijan, February 1. International Bank of Azerbaijan ranked first among the local banks in terms of deposit portfolio in the fourth quarter of 2022, Trend reports.
According to the bank's financial report, its deposit portfolio equaled 10.6 billion manat ($6.2 billion) in the reporting period.
PASHA Bank took the second position with a deposit portfolio of 7.004 billion manat ($4.1 billion).
Kapital Bank with a deposit portfolio worth 6.09 billion manat ($3.5 billion) ranked third.
The total volume of the deposit portfolio of all Azerbaijani banks accounted for 33.7 billion manat ($19.8 billion).
The total volume of the deposit portfolio of the first three banks equaled 23.7 billion manat ($13.9 billion), or 78.91 percent of the overall deposit portfolio of 10 banks of Azerbaijan (30.06 billion manat or $17.6 billion), or 70.27 percent of the overall deposit portfolio of all banks of Azerbaijan (33.7 billion manat or $19.8 billion).
Ranking of Azerbaijani banks by deposit portfolio:
Banks |
Deposit portfolio |
|
1 |
International Bank of Azerbaijan |
10.6 billion manat ($6.2 billion) |
2 |
PASHA Bank |
7.004 billion manat ($4.1 billion) |
3 |
Kapital Bank |
6.09 billion manat ($3.5 billion) |
4 |
Xalq Bank |
1.8 billion manat ($1.06 billion) |
5 |
Unibank |
989.7 million manat ($582.1 million) |
6 |
Bank Respublika |
965.8 million manat ($568.1 million) |
7 |
Access Bank |
860.05 million manat ($505.9 million) |
8 |
Rabitabank |
607.04 million manat ($357.08 million) |
9 |
Yelo Bank |
572.3 million manat ($336.6 million) |
10 |
Mugan Bank |
491.7 million manat ($289.2 million) |
11 |
Premium Bank |
466.4 million manat ($274.3 million) |
12 |
Azerbaijan Industry Bank |
449.6 million manat ($264.4 million) |
13 |
Turan Bank |
429.2 million manat ($252.4 million) |
14 |
Azer-Turk Bank |
385.008 million manat ($226.4 million) |
15 |
Bank of Baku |
365.5 million manat ($215 million) |
16 |
Yapı Credi Bank Azerbaijan |
363.8 million manat ($214 million) |
17 |
Zıraat Bank Azerbaijan |
317.8 million manat ($186.9 million) |
18 |
Express Bank |
193.1 million manat ($113.5 million) |
19 |
Bank BTB |
159.2 million manat ($93.6 million) |
20 |
Nakhchivan Bank |
155.4 million manat ($91.4 million) |
21 |
AFB Bank |
116.1 million manat ($68.2 million) |
22 |
Gunay Bank |
111.4 million manat ($65.5 million) |
23 |
Bank VTB Azerbaijan |
94.8 million manat ($55.7 million) |
24 |
Bank Eurasia |
79.6 million manat ($46.8 million) |
25 |
Bank Melli Iran - Baku |
8.9 million manat ($5.2 million) |
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).