BAKU, Azerbaijan, April 28. The International Bank of Azerbaijan (ABB) ranked first among local Azerbaijani banks in terms of authorized capital according to the results of the first quarter of 2023, Trend reports.
According to the bank's financial report, the bank's authorized capital for the reporting period amounted to 1.2 billion manat ($7 million).
Yelo Bank ranked second with total authorized capital worth 378 million manat ($222.3 million).
Xalq Bank ranked third with total authorized capital worth 364.7 million manat ($214.5 million).
The total authorized capital of the first three banks amounted to 1.9 billion manat ($1.1 million) or 54.98 percent of the total authorized capital of 10 banks of Azerbaijan (3.5 billion manat or $2.1 million).
|
Banks |
Authorized capital |
|
|
1 |
International Bank of Azerbaijan |
1.2 billion manat ($7 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 |
138.2 million manat ($81.2 million) |
|
10 |
Express Bank |
112.5 million manat ($66.1 million) |
According to the Central Bank of Azerbaijan, the net profit of the banking sector as of March 31, 2023 in Azerbaijan increased by 94 million manat ($55.2 million), or 54.05 percent compared to the same period in 2022 growing from 173.9 million manat ($102.2 million) to 267.9 million manat ($157.5 million).