BAKU, Azerbaijan, April 28. The International Bank of Azerbaijan took first place in terms of total capital among Azerbaijani banks in the first quarter of 2023, Trend reports.
According to the bank's financial report, the bank's total capital for the reporting period amounted to 1.5 billion manat ($8.8 million).
Kapital Bank ranked second with total capital worth 925.3 million manat ($544.2 million).
Pasha Bank ranked third with total capital worth 776.3 million manat ($456.6 million).
The total capital of the first three banks accounted for 3.2 billion manat ($1.8 billion) or 71.82 percent of the overall volume of the total capital of the 10 Azerbaijani banks (4.5 billion manat or $2.6 billion).
|
Banks |
Total Capital |
|
|
1 |
International Bank of Azerbaijan |
1.5 billion manat ($8.8 million) |
|
2 |
Kapital Bank |
925.3 million manat ($544.2 million) |
|
3 |
Pasha Bank |
776.3 million manat ($456.6 million) |
|
4 |
Xalq Bank |
473.8 million manat ($278.7 million) |
|
5 |
Premium Bank |
170.7 million manat ($100.4 million) |
|
6 |
Bank Respublika |
141 million manat ($82.9 million) |
|
7 |
UniBank |
134.4 million manat ($79 million) |
|
8 |
Bank of Baku |
134.3 million manat ($78.9 million) |
|
9 |
Expressbank |
117.6 million manat ($69.1 million) |
|
10 |
Nakhichivan Bank |
113.4 million manat ($66.7 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).