BAKU, Azerbaijan, October 18. Kapital Bank took first place in terms of expenditures among Azerbaijani banks in the third quarter of 2023, Trend reports.
According to the financial report, the volume of the bank's expenses amounted to 524.8 million manat ($308.7 million) in the third quarter of 2023.
The second position in the ranking was taken by the International Bank of Azerbaijan, with total expenditures of 351.2 million manat ($206.5 million).
PASHA Bank is in third place with 273.3 million manat ($160.7 million), UniBank is in fourth place with 178.7 million manat ($105.1 million), and Bank Respublika closes the top five with 130.6 million manat ($76.8 million).
The total expenditures of the first three banks amount to 1.14 billion manat ($670.5 million), or 60.59 percent of the total expenditures of 10 banks in Azerbaijan (1.89 billion manat or $1.11 billion), or 50.03 percent of the total expenditures of all banks in Azerbaijan (2.29 billion manat or $1.34 billion).
Ranking of Azerbaijani banks by expenditure volume:
|
Banks |
Expenses |
|
|
1 |
Kapital Bank |
524.8 million manat ($308.7 million) |
|
2 |
International Bank of Azerbaijan |
351.2 million manat ($206.5 million) |
|
3 |
PASHA Bank |
273.3 million manat ($160.7 million) |
|
4 |
Unibank |
178.7 million manat ($105.1 million) |
|
5 |
Bank Respublika |
130.6 million manat ($76.8 million) |
|
6 |
AccessBank |
114.5 million manat ($67.3 million) |
|
7 |
Yelo Bank |
83.4 million manat ($49 million) |
|
8 |
Rabita Bank |
82.2 million manat ($48.3 million) |
|
9 |
Bank of Baku |
79.5 million manat ($46.7 million) |
|
10 |
Xalq Bank |
78.4 million manat ($46.1 million) |
|
11 |
Turan Bank |
58.9 million manat ($34.6 million) |
|
12 |
Mugan Bank |
52.7 million manat ($30.9 million) |
|
13 |
Azer Turk Bank |
50.9 million manat ($29.9 million) |
|
14 |
Expressbank |
42.7 million manat ($25.1 million) |
|
15 |
Premium Bank |
31.3 million manat ($18.4 million) |
|
16 |
YapikrediBank |
29.2 million manat ($17.1 million) |
|
17 |
AzersenayeBank |
28.3 million manat ($16.6 million) |
|
18 |
ZiraatBank |
24.1 million manat ($14.1 million) |
|
19 |
BTB Bank |
23.9 million manat ($14 million) |
|
20 |
VTB Bank |
23.3 million manat ($13.7 million) |
|
21 |
AFB Bank |
16.9 million manat ($9.9 million) |
|
22 |
Nakhichivan Bank |
9.3 million manat ($5.4 million) |
|
23 |
Avrasiya Bank |
8.3 million manat ($4.8 million) |
|
24 |
Bank Melli Iran |
68,640 ($40,376) |