BAKU, Azerbaijan, April 30. According to Trend’s ranking, the share of the total liabilities of three banks (the International Bank of Azerbaijan, PASHA Bank and Kapital Bank) accounts for more than half of the total liabilities of the entire banking sector.
The total amount of liabilities of the first three banks amounted to 24.6 billion manat ($14.4 billion), or 73.97 percent of the total total liabilities of 10 banks of Azerbaijan (33.3 billion manat or $19.5 billion), or 63.21 percent of the total volume of all banks of Azerbaijan (38.9 billion manat or $22.8 billion).
Overall, the total volume of the total liabilities of the first 10 banks was 85.45 percent of the total liabilities of all banks in Azerbaijan.
Ranking of Azerbaijani banks in terms of the total liabilities:
|
Banks |
Total liabilities |
|
|
1 |
International Bank of Azerbaijan |
9.8 billion manat ($5.7 billion) |
|
2 |
PASHA Bank |
7.97 billion manat ($4.69 billion) |
|
3 |
Kapital Bank |
6.8 billion manat ($4 billion) |
|
4 |
Xalq Bank |
2.2 billion manat ($1.2 billion) |
|
5 |
Bank Respublika |
1.5 billion manat ($880 million) |
|
6 |
Unibank |
1.32 billion manat ($776.47 billion) |
|
7 |
Access Bank |
1.1 billion manat ($650 million) |
|
8 |
Azer-Turk Bank |
840.5 million manat ($494.4 million) |
|
9 |
Rabitabank |
817.2 million manat ($480.7 million) |
|
10 |
Yelo Bank |
749.59 million manat ($440.9 million) |
|
11 |
Mugan Bank |
646.5 million manat ($380.2 million) |
|
12 |
Azerbaijan Industry Bank |
608 million manat ($357.6 million) |
|
13 |
Bank of Baku |
603.6 million manat ($355 million) |
|
14 |
Premium Bank |
523.6 million manat ($307.9 million) |
|
15 |
ZiraatBank |
506.7 million manat ($298 million) |
|
16 |
YapikrediBank |
399.1 million manat ($234.7 million) |
|
17 |
BTB Bank |
325.5 million manat ($191.4 million) |
|
18 |
Expressbank |
320.5 million manat ($188.5 million) |
|
19 |
AFB Bank |
215.3 million manat ($126.6 million) |
|
20 |
Gunay Bank |
206.2 million manat ($121.2 million) |
|
21 |
Nakhichivan Bank |
196.8 million manat ($115.7 million) |
|
22 |
VTB Bank |
164.7 million manat ($96.8 million) |
|
23 |
Avrasiya Bank |
144.4 million manat ($84.9 million) |
|
24 |
Bank Melli Iran |
59.3 million manat ($34.8 million) |
According to Azerbaijan’s Central Bank, the net profit of the banking sector as of March 31, 2023 increased by 94 million manat ($55.2 million), or 54.05 percent compared to the same period in 2022 - from 173.9 million ($102.2 million) to 267.9 million manat ($157.5 million).