BAKU, Azerbaijan, October 19. The International Bank of Azerbaijan took first place in terms of deposit portfolio among Azerbaijani banks in the third quarter of 2023, Trend reports.
The data in the bank's financial report shows that its deposit portfolio amounted to 8.2 billion manat ($4.8 billion) in the reporting period.
PASHA Bank took the second spot with a deposit portfolio of 6.5 billion manat ($3.8 billion).
Kapital Bank is in third place with a deposit portfolio of 6.4 billion manat ($3.7 billion), XalqBank is in fourth place with 2.1 billion manat ($1.2 billion), and Bank Respublika ranks fifth with 1.1 billion manat ($647.1 million).
The total volume of the deposit portfolio of the first three banks is 21.3 billion manat ($12.5 billion), or 74.62 percent of the total volume of the deposit portfolio of 10 banks in Azerbaijan (28.6 billion manat, $16.8 billion), or 68.12 percent of the total volume of all banks in Azerbaijan (32.2 billion manat, or $18.9 billion).
Ranking of Azerbaijani banks by deposit portfolio volume:
|
Banks |
Deposit portfolio |
|
|
1 |
International Bank of Azerbaijan |
8.3 billion manat ($4.9 billion) |
|
2 |
PASHA Bank |
6.6 billion manat ($3.9 billion) |
|
3 |
Kapital Bank |
6.5 billion manat ($3.8 billion) |
|
4 |
Xalq Bank |
2.1 billion manat ($1.2 billion) |
|
5 |
Bank Respublika |
1.2 billion manat ($705.9 million) |
|
6 |
UniBank |
1.1 billion manat ($647.1 million) |
|
7 |
AccessBank |
1 billion manat ($588.2 million) |
|
8 |
Yelo Bank |
642.2 million manat ($377.8 million) |
|
9 |
Rabita Bank |
635.2 million manat ($373.6 million) |
|
10 |
ZiraatBank |
491.4 million manat ($289.1 million) |
|
11 |
Bank of Baku |
451.8 million manat ($265.8 million) |
|
12 |
Premium Bank |
451.3 million manat ($265.5 million) |
|
13 |
AzersenayeBank |
438.8 million manat ($258.1 million) |
|
14 |
Turan Bank |
436.6 million manat ($256.8 million) |
|
15 |
Azer–Turk Bank |
421.9 million manat ($248.2 million) |
|
16 |
YapikrediBank |
326.2 million manat ($191.9 million) |
|
17 |
Mugan Bank |
322.5 million manat ($189.7 million) |
|
18 |
Expressbank |
194.1 million manat ($114.2 million) |
|
19 |
BTB Bank |
147.3 million manat ($86.6 million) |
|
20 |
AFB Bank |
146.2 million manat ($86 million) |
|
21 |
Nakhchivan Bank |
103.6 million manat ($60.9 million) |
|
22 |
VTB Bank |
71.8 million manat ($42.2 million) |
|
23 |
Avrasiya Bank |
65.3 million manat ($38.4 million) |
|
24 |
Bank Melli Iran |
1.4 million manat ($823,529) |