BAKU, Azerbaijan, January 18. The International Bank of Azerbaijan ranked first among local banks in terms of volume of net profit in the fourth quarter of 2023, Trend reports.
The bank's financial report said that its net profit amounted to 322.26 million manat ($189.5 million).
Kapital Bank took the second spot with a total net profit of 242.2 million manat ($142.4 million).
PASHA Bank was in third place with a net profit of 199.2 million manat ($117.18 million), Xalq Bank was in fourth place (52 million manat or $30.59 million), and Bank Respublika closed the top five with 40.25 million manat ($23.6 million).
The total net profit of the first three banks amounted to 763.68 million manat ($449.2 million), or 77.21 percent of the total net profit of the top 10 banks of Azerbaijan (989 million manat, or $581.76 million), or 70.12 percent of the total net profit of all banks of Azerbaijan (1.08 billion manat, or $640 million).
Ranking of Azerbaijani banks by net profit for the fourth quarter of 2023:
|
Banks |
Net profit |
|
|
1 |
International Bank of Azerbaijan |
322.26 million manat ($189.5 million) |
|
2 |
Kapital Bank |
242.2 million manat ($142.4 million) |
|
3 |
PASHA Bank |
199.2 million manat ($117.18 million) |
|
4 |
Xalq Bank |
52 million manat ($30.59 million) |
|
5 |
Bank Respublika |
40.25 million manat ($23.6 million) |
|
6 |
AccessBank |
39.8 million manat ($23.4 million) |
|
7 |
UniBank |
32.93 million manat ($19.3 million) |
|
8 |
Bank of Baku |
25.45 million manat ($14.9 million) |
|
9 |
Yelo Bank |
20.76 million manat ($12.2 million) |
|
10 |
Azer-Turk Bank |
14 million manat ($8.2 million) |
|
11 |
Nakhchivan Bank |
13.1 million manat ($7.7 million) |
|
12 |
Rabita Bank |
13 million manat ($7.6 million) |
|
13 |
Expressbank |
12.01 million manat ($7.06 million) |
|
14 |
YapikrediBank |
12 million manat ($7 million) |
|
15 |
VTB Bank |
10.6 million manat ($6.2 million) |
|
16 |
ZiraatBank |
8.5 million manat ($5 million) |
|
17 |
AFB Bank |
7.6 million manat ($4.4 million) |
|
18 |
Premium Bank |
7.45 million manat ($4.38 million) |
|
19 |
Avrasiya Bank |
6.6 million manat ($3.88 million) |
|
20 |
AzersenayeBank |
5.1 million manat ($3 million) |
|
21 |
Bank Melli Iran |
3.87 million manat ($2.28 million) |
|
22 |
BTB Bank |
- 2.77 million manat ($1.6 million) |