BAKU, Azerbaijan, August 2. International Bank of Azerbaijan ranked first among local banks in terms of volume of total assets in the second quarter of 2023, Trend reports.
According to the bank's financial report, the volume of the total assets for the reporting period amounted to 11.7 billion manat ($6.9 billion).
PASHA Bank took the second spot with a total of 8.4 billion manat ($4.9 billion). Kapital Bank is in third place with total assets of 7.9 billion manat ($4.6 billion).
Xalq Bank is in fourth place with 2.9 billion manat ($1.7 billion), and Bank Respublika is in fifth place with 1.7 billion manat ($1 billion).
The total assets of the first three banks amounted to 28 billion manat ($16.4 billion), or 74.9 percent of the total assets of the 10 banks of Azerbaijan - 37.5 billion manat ($22.1 billion), or 62.4 percent of the total assets of all banks of Azerbaijan - 45.2 billion manat ($26.6 billion).
Ranking of Azerbaijani banks by total assets for the second quarter of 2023:
|
Banks |
Total assets |
|
|
1 |
International Bank of Azerbaijan |
11.7 billion manat ($6.8 billion) |
|
2 |
PASHA Bank |
8.3 billion manat ($4.8 billion) |
|
3 |
Kapital Bank |
7.9 billion manat ($4.6 billion) |
|
4 |
Xalq Bank |
2.8 billion manat ($1.6 billion) |
|
5 |
Bank Respublika |
1.7 billion manat ($1 billion) |
|
6 |
Unibank |
1.5 billion manat ($882.3 million) |
|
7 |
AccessBank |
1.3 billion manat ($764.7 million) |
|
8 |
Rabitabank |
1 billion manat ($588.2 million) |
|
9 |
Turanbank |
929.9 million manat ($547 million) |
|
10 |
Azer-Turk Bank |
849.8 million manat ($499.9 million) |
|
11 |
Yelo Bank |
846.9 million manat ($498.2 million) |
|
12 |
Bank of Baku |
794.4 million manat ($467.1 million) |
|
13 |
Premium Bank |
736.8 million manat ($433.4 million) |
|
14 |
Mugan Bank |
721.9 million manat ($424.6 million) |
|
15 |
AzersenayeBank |
707.5 million manat ($416.2 million) |
|
16 |
ZiraatBank |
670.4 million manat ($394.4 million) |
|
17 |
Expressbank |
489.5 million manat ($287.9 million) |
|
18 |
YapikrediBank |
429.8 million manat ($252.8 million) |
|
19 |
BTB Bank |
381.2 million manat ($224.2 million) |
|
20 |
Nakhchivan Bank |
295.8 million manat ($174 million) |
|
21 |
AFB Bank |
294.9 million manat ($173.5 million) |
|
22 |
VTB Bank |
234.3 million manat ($137.8 million) |
|
23 |
Avrasiya Bank |
206.3 million manat ($121.4 million) |
|
24 |
Bank Melli Iran |
77.1 million manat ($45.4 million manat) |
According to the Central Bank of Azerbaijan, the net profit of the banking sector as of June 30, 2023, increased by 41 percent to 563.3 million manat ($331.4 million).