BAKU, Azerbaijan, April 30. According to the ranking compiled by Trend, the share of expenses of three Azerbaijani banks (Kapital Bank, International Bank of Azerbaijan and PASHA Bank) accounts for about half of the total expenses of the entire banking sector.
As such, the total amount of expenses of the first three banks equaled 323.6 million manat ($190.3 million), or 57.92 percent of the total expenses of 10 banks of Azerbaijan (558.7 million manat or $328.6 million), or 46.68 percent of the total expenses of all banks of Azerbaijan (693.3 million manat or $407.7 million).
The total volume of expenses of the first 10 banks compiled 80.59 percent of the total expenses of all banks in Azerbaijan.
Ranking of Azerbaijani banks in terms of expenses:
|
Banks |
Expenses |
|
|
1 |
Kapital Bank |
154.8 million manat ($91.06 million) |
|
2 |
International Bank of Azerbaijan |
103.76 million manat ($61.04 million) |
|
3 |
PASHA Bank |
65.08 million manat ($38.2 million) |
|
4 |
Unibank |
59.08 million manat ($34.75 million) |
|
5 |
Bank Respublika |
41.03 million manat ($24.1 million) |
|
6 |
Access Bank |
36.3 million manat ($21.3 million) |
|
7 |
Yelo Bank |
26.4 million manat ($15.5 million) |
|
8 |
Rabitabank |
25.9 million manat ($15.2 million) |
|
9 |
Bank of Baku |
23.87 million manat ($14.04 million) |
|
10 |
Xalq Bank |
22.35 million manat ($13.15 million) |
|
11 |
Mugan Bank |
18.1 million manat ($10.6 million) |
|
12 |
Azer–Turk Bank |
16 million manat ($9.4 million) |
|
13 |
Expressbank |
14 million manat ($8.2 million) |
|
14 |
Premium Bank |
9.6 million manat ($5.6 million) |
|
15 |
YapikrediBank |
9.2 million manat ($5.4 million) |
|
16 |
Azerbaijan Industry Bank |
8.8 million manat ($5.1 million) |
|
17 |
BTB Bank |
8.2 million manat ($4.8 million) |
|
18 |
VTB Bank |
7.8 million manat ($4.5 million) |
|
19 |
ZiraatBank |
7 million manat ($4.1 million) |
|
20 |
AFB Bank |
5.6 million manat ($3.2 million) |
|
21 |
Gunay Bank |
5.2 million manat ($3.0 million) |
|
22 |
Nakhichivan Bank |
2.8 million manat ($1.6 million) |
|
23 |
Avrasiya Bank |
2.5 million manat ($1.4 million) |
|
24 |
Bank Melli Iran |
526,310 ($309,563) |
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).