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Ranking of Azerbaijani banks unveiled based on total liabilities

Finance Materials 2 August 2023 10:18 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, August 2. According to the results of the second quarter of 2023, the International Bank of Azerbaijan (ABB) took first place in terms of the total liabilities in Azerbaijan, Trend reports.

According to the bank's financial report, the volume of ABB's total liabilities in the reporting period amounted to 9.9 billion manat ($5.8 billion).

PASHA Bank took the second spot in the ranking with a total liability of 7.6 billion manat ($4.5 billion).

Kapital Bank is in third place with 7.1 billion manat ($4.2 billion) of total liabilities.

Ranking of Azerbaijani banks in terms of total liabilities:

Banks

Total liabilities

1

International Bank of Azerbaijan

9.9 billion manat ($5.8 billion)

2

PASHA Bank

7.6 billion manat ($4.5 billion)

3

Kapital Bank

7.1 billion manat ($4.2 billion)

4

Xalq Bank

2.4 billion manat ($1.4 billion)

5

Bank Respublika

1.6 billion manat ($941.2 million)

6

UniBank

1.4 billion manat ($823.5 million)

7

AccessBank

1.2 billion manat ($705.9 million)

8

Rabita Bank

912.5 million manat ($536.8 million)

9

Turan Bank

855 million manat ($502.9 million)

10

Azer–Turk Bank

772.6 million manat ($454.5 million)

11

Yelo Bank

760.9 million manat ($447.6 million)

12

Bank of Baku

664 million manat ($390.6 million)

13

AzersenayeBank

595.8 million manat ($350.5 million)

14

Mugan Bank

576 million manat ($338.8 million)

15

ZiraatBank

559.2 million manat ($328.9 million)

16

Premium Bank

557.5 million manat (327.9 million)

17

Expressbank

365.8 million manat ($215.2 million)

18

YapikrediBank

341.3 million manat ($200,8 million)

19

BTB Bank

330.9 million manat ($194.6 million)

20

AFB Bank

217 million manat ($127.6 million)

21

Nakhichivan Bank

188.5 million manat ($110.9 million)

22

VTB Bank

148.1 million manat ($87.1 million)

23

Avrasiya Bank

130.2 million manat ($76.6 million)

24

Bank Melli Iran

37.7 million manat ($22.2 million)

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).

The total assets of the banks amounted to over 45.2 billion manat ($26.6) in Azerbaijan on July 1, 2023.

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