BAKU, Azerbaijan, April 30. According to Trend’s ranking, the share of the authorized capital of the three banks (the International Bank of Azerbaijan, Kapital Bank and PASHA Bank) compiled about half of the total authorized capital of the entire banking sector.
The share of the International Bank of Azerbaijan, which took the first place in terms of authorized capital among Azerbaijani banks, accounted for 27.32 percent, followed by Kapital Bank with a share of 16.05 percent and PASHA Bank with a share of 13.46 percent.
Overall, the capital of the first three banks equaled 3.2 billion manat ($1.8 billion), or 71.82 percent of the total capital of 10 banks of Azerbaijan (4.5 billion manat or $2.6 billion), or 56.83 percent of the total capital of all banks of Azerbaijan (5.7 billion manat or $3.3 billion).
The total volume of the authorized capital of the first 10 banks accounted for 79.13 percent of the total authorized capital of all banks in Azerbaijan.
Ranking of Azerbaijani banks in terms of the authorized capital for the first quarter of 2023:
|
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) |
|
11 |
Azerbaijan Industry Bank |
107.9 million manat ($63.4 million) |
|
12 |
AccessBank |
107.6 million manat ($63.3 million) |
|
13 |
ZiraatBank |
106.9 million manat ($62.8 million) |
|
14 |
Rabita Bank |
105.3 million manat ($61.9 million) |
|
15 |
Mugan Bank |
88.6 million manat ($52.1 million) |
|
16 |
YapikrediBank |
77.9 million manat ($45.8 million) |
|
17 |
VTB Bank |
76.7 million manat ($45.1 million) |
|
18 |
Avrasiya Bank |
74.5 million manat ($43.8 million) |
|
19 |
AFB Bank |
73.9 million manat ($43.4 million) |
|
20 |
Azer–Turk Bank |
66.9 million manat ($39.3 million) |
|
21 |
Gunay Bank |
66.4 million manat ($39 million) |
|
22 |
Yelo Bank |
61.3 million manat ($36 million) |
|
23 |
BTB Bank |
55.6 million manat ($32.7 million) |
|
24 |
Bank Melli Iran |
54.6 million manat ($32.1 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).