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Ranking of Azerbaijani banks by deposit portfolio for 4Q2022

Finance Materials 1 February 2023 09:57 (UTC +04:00)
Ranking of Azerbaijani banks by deposit portfolio for 4Q2022
Kamran Gasimov
Kamran Gasimov
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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).

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