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Ranking of Azerbaijani banks by authorized capital for 2022

Finance Materials 1 February 2023 17:27 (UTC +04:00)
Ranking of Azerbaijani banks by authorized capital for 2022
Kamran Gasimov
Kamran Gasimov
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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).

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