BAKU, Azerbaijan, February 1. International Bank of Azerbaijan ranks first among the Azerbaijani banks in terms of authorized capital in the fourth quarter of 2022, Trend reports.
According to the bank's financial report, its authorized capital totaled 1.2 billion manat ($705.8 million).
Yelo Bank with an authorized capital worth 378 million manat ($222.3 million) took the second position.
Xalq Bank ranks third with an authorized capital of 364.7 million manat ($214.5 million).
The overall volume of the authorized capital of all Azerbaijani banks totaled 4.6 billion manat ($2.71 billion).
The total authorized capital of the first three banks equaled 1.96 billion manat ($1.1 billion), or 54.81 percent of the overall authorized capital of 10 banks of Azerbaijan (3.59 billion manat or $2.1 billion), or 42.27 percent of the overall authorized capital of all banks of Azerbaijan (4.6 billion manat or $2.7 billion).
Ranking of Azerbaijani banks by authorized capital:
|
Banks |
Authorized capital |
|
|
1 |
International Bank of Azerbaijan |
1.2 billion manat ($705.8 million) |
|
2 |
Yelo Bank |
378 million manat ($222.3 million) |
|
3 |
Xalq Bank |
364.7 million manat ($214.5 million) |
|
4 |
PASHA Bank |
354.5 million manat ($208.5 million) |
|
5 |
Bank VTB Azerbaijan |
315.8 million manat ($185.7 million) |
|
6 |
Access Bank |
270.1 million manat ($158.8 million) |
|
7 |
Kapital Bank |
265.8 million manat ($156.3 million) |
|
8 |
Premium Bank |
154.6 million manat ($90.9 million) |
|
9 |
Unibank |
149.3 million manat ($87.8 million) |
|
10 |
Express Bank |
112.5 million manat ($66.1 million) |
|
11 |
Mugan Bank |
107.5 million manat ($63.2 million) |
|
12 |
Rabitabank |
101.3 million manat ($59.5 million) |
|
13 |
Nakhchivan Bank |
94 million manat ($55.2 million) |
|
14 |
Turan Bank |
80.005 million manat ($47.06 million) |
|
15 |
Bank Melli Iran - Baku |
73.6 million manat ($43.2 million) |
|
16 |
Bank Respublika |
73.4 million manat ($43.1 million) |
|
17 |
AFB Bank |
70.3 million manat ($41.3 million) |
|
18 |
Bank BTB |
66.4 million manat ($39.06 million) |
|
19 |
Zıraat Bank Azerbaijan |
65.5 million manat ($38.5 million) |
|
20 |
Gunay Bank |
64.9 million manat ($38.1 million) |
|
21 |
Azerbaijan Industry Bank |
60 million manat ($35.2 million) |
|
22 |
Yapı Credi Bank Azerbaijan |
55.3 million manat ($32.5 million) |
|
23 |
Bank of Baku |
52.8 million manat ($31.06 million) |
|
24 |
Azer-Turk Bank |
50 million manat ($29.4 million) |
|
25 |
Bank Avrasiya |
50 million manat ($29.4 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).