BAKU, Azerbaijan, May 1. The share of the authorized capital of three banks (the International Bank of Azerbaijan, Yelo Bank and Xalq Bank) is about half of the total liabilities of the entire banking sector, according to the ranking compiled by Trend.
Thus, the total authorized capital of the first three banks is 1.9 billion manat ($1.1 billion), or 54.98 percent of the total authorized capital of 10 banks of Azerbaijan (3.58 billion manat or $2.1 billion), or 42.37 percent of the total volume of all banks of Azerbaijan (4.64 billion manat or $2.7 billion).
The total authorized capital of the first 10 banks is 77.06 percent of the total authorized capital of all banks in Azerbaijan.
Ranking of Azerbaijani banks in terms of the volume of authorized capital:
|
Banks |
Authorized capital |
|
|
1 |
International Bank of Azerbaijan |
1.2 billion manat ($705.8 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 |
VTB Bank |
315.8 million manat ($185.7 million) |
|
6 |
AccessBank |
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 |
Expressbank |
112.5 million manat ($66.1 million) |
|
11 |
Mugan Bank |
107.5 million manat ($63.2 million) |
|
12 |
Rabitabank |
101.3 million manat ($59.5 million) |
|
13 |
Nakhichivanbank |
94 million manat ($55.2 million) |
|
14 |
Bank Melli Iran |
73.6 million manat ($43.2 million) |
|
15 |
Bank Respublika |
73.4 million manat ($43.1 million) |
|
16 |
AFB Bank |
70.3 million manat ($41.3 million) |
|
17 |
BTB Bank |
66.4 million manat ($39 million) |
|
18 |
Ziraat Bank |
65.5 million manat ($38.5 million) |
|
19 |
Gunay Bank |
64.9 million manat ($38.1 million) |
|
20 |
Azerbaijan Industry Bank |
60 million manat ($35.2 million) |
|
21 |
Yapi Kredi Bank Azerbaijan |
55.3 million manat ($32.5 million) |
|
22 |
Bank of Baku |
52.8 million manat ($31 million) |
|
23 |
Bank Avrasiya |
50 million manat ($29.4 million) |
|
24 |
Azer-Turk Bank |
50 million manat ($29.4 million) |
According to the Central Bank of Azerbaijan, 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, growing from 173.9 million manat ($102.2 million) to 267.9 million manat ($157.5 million).