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) |