BAKU, Azerbaijan, February 2. International Bank of Azerbaijan ranked first among Azerbaijani banks in terms of equity in 2022, Trend reports.
According to the bank's financial report, its equity totaled 1.6 billion manat ($941.1 million).
Kapital Bank took second position with an equity of 825.6 million manat ($485.6 million).
PASHA Bank with equity worth 663 million manat ($390 million) ranked third.
The total amount of the equity of the first three banks equaled 3.12 billion manat ($1.8 billion), or 71.34 percent of the overall equity of 10 banks of Azerbaijan (4.37 billion manat or $2.5 billion), as well as 55.54 percent of the overall equity of all banks of Azerbaijan (5.6 billion manat or $3.2 billion).
Ranking of Azerbaijani banks by equity:
|
Banks |
Equity |
|
|
1 |
International Bank of Azerbaijan |
1.6 billion manat ($941.1 billion) |
|
2 |
Kapital Bank |
826.6 million manat ($486.2 million) |
|
3 |
PASHA Bank |
663 million manat ($390 million) |
|
4 |
Xalq Bank |
475.2 million manat ($279.5 million) |
|
5 |
Premium Bank |
182.5 million manat ($107.3 million) |
|
6 |
Express Bank |
129.1 million manat ($75.9 million) |
|
7 |
Bank of Baku |
122.8 million manat ($72.2 million) |
|
8 |
Bank Respublika |
118.4 million manat ($69.6 million) |
|
9 |
Unibank |
113.4 million manat ($66.7 million) |
|
10 |
Access Bank |
112.7 million manat ($66.2 million) |
|
11 |
Nakhchivan Bank |
112.1 million manat ($65.9 million) |
|
12 |
Rabitabank |
111.6 million manat ($65.6 million) |
|
13 |
Azerbaijan Industry Bank |
110.06 million manat ($64.7 million) |
|
14 |
Zıraat Bank Azerbaijan |
106.4 million manat ($62.5 million) |
|
15 |
Mugan Bank |
93.1 million manat ($54.7 million) |
|
16 |
Turan Bank |
89.5 million manat ($52.6 million) |
|
17 |
Yapı Credi Bank Azerbaijan |
84.08 million manat ($49.4 million) |
|
18 |
AFB Bank |
83.4 million manat ($49.06 million) |
|
19 |
Bank VTB Azerbaijan |
80.2 million manat ($47.1 million) |
|
20 |
Yelo Bank |
76.2 million manat ($44.8 million) |
|
21 |
Bank Eurasia |
73.8 million manat ($43.4 million) |
|
22 |
Azer-Turk Bank |
69.1 million manat ($40.6 million) |
|
23 |
Gunay Bank |
67.5 million manat ($39.7 million) |
|
24 |
Bank BTB |
50.05 million manat ($29.4 million) |
|
25 |
Bank Melli Iran - Baku |
37.2 million manat ($21.8 million) |