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Ranking of Azerbaijani banks unveiled based on net profit

Finance Materials 17 October 2023 19:08 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 17. International Bank of Azerbaijan ranked first among local banks in terms of volume of total assets in the third quarter of 2023, Trend reports.

The bank's financial report said its net profit amounted to 250.9 million manat ($147.6 million).

Kapital Bank took the second spot with a total of 182 million manat ($107.1 million).

PASHA Bank is in third place with total assets of 147.3 million manat ($86.6 million), Xalq Bank is in fourth place with a net profit of 53.7 million manat ($31.6 million), and AccessBank closes the top five with 29.3 million manat ($17.2 million).

The total net profit of the first three banks is 580.1 million manat ($341.2 million), or 69.66 percent of the total net profit of the top 10 banks of Azerbaijan (765.7 million manat, or $450.4 million), or 91.94 percent of the total net profit of all banks of Azerbaijan (832.9 million manat, or $489.9 million).

Ranking of Azerbaijani banks by net profit for the third quarter of 2023:

Banks

Net profit

1

International Bank

250.9 million manat ($147.6 million)

2

Kapital Bank

182 million manat ($107.1 million)

3

PASHA Bank

147.3 million manat ($86.6 million)

4

Xalq Bank

53.7 million manat ($31.6 million)

5

AccessBank

29.3 million manat ($17.2 million)

6

Bank Respublika

25.7 million manat ($15.1 million)

7

Bank of Baku

24.3 million manat ($14.3 million)

8

UniBank

21.9 million manat ($12.9 million)

9

Rabita Bank

16.8 million manat ($9.9 million)

10

Yelo Bank

13.8 million manat ($8.1 million)

11

Nakhchivan Bank

11.4 million manat ($6.7 million)

12

Azer–Turk Bank

10.5 million manat ($6.2 million)

13

YapikrediBank

10.1 million manat ($5.9 million)

14

Expressbank

9.9 million manat ($5.8 million)

15

VTB Bank

8.6 million manat ($5.1 million)

16

Premium Bank

7.9 million manat ($4.6 million)

17

ZiraatBank

6.4 million manat ($3.8 million)

18

AFB Bank

6.3 million manat ($3.7 million)

19

Avrasiya Bank

3.9 million manat ($2.3 million)

20

AzersenayeBank

3.5 million manat ($2.1 million)

21

Bank Melli Iran

2.8 million manat ($1.6 million)

22

BTB Bank

- 987,000 manat ($580,588)

23

Mugan Bank

- 1.3 million manat ($764,705)

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