BAKU, Azerbaijan, January 19. The International Bank of Azerbaijan took first place in terms of total assets among the banks of Azerbaijan in 2023, Trend reports.
The bank's financial report showed that this figure amounted to 13.66 billion manat ($8 billion).
Kapital Bank took the second position in the ranking, with total assets of nearly 8.66 billion manat ($5.09 billion).
PASHA Bank with total assets of 8.65 billion manat ($5.08 billion), Xalq Bank with 3.08 billion manat ($1.8 billion), and Bank Respublika with 2.1 billion manat ($1.2 billion) rounded off the top five.
The total assets of the first three banks amouned to 30.97 billion manat ($18.2 billion), or 72.25 percent of the total aggregate assets of 10 banks in Azerbaijan (42.87 billion manat or $25.2 billion), or 62.99 percent of the total aggregate assets of all banks in Azerbaijan (49.17 billion manat or $28.9 billion).
Ranking of Azerbaijani banks by total assets:
|
Banks |
Total liabilities |
|
|
1 |
International Bank of Azerbaijan |
13.66 billion manat ($8 billion) |
|
2 |
Kapital Bank |
8.66 billion manat ($5.09 billion) |
|
3 |
PASHA Bank |
8.65 billion manat ($5.08 billion) |
|
4 |
Xalq Bank |
3.08 billion manat ($1.8 billion) |
|
5 |
Bank Respublika |
2.1 billion manat ($1.2 billion) |
|
6 |
UniBank |
1.59 billion manat ($940 million) |
|
7 |
Yelo Bank |
1.56 billion manat ($920 million) |
|
8 |
AccessBank |
1.39 billion manat ($820 million) |
|
9 |
Rabita Bank |
1.1 billion manat ($650 million) |
|
10 |
Azer–Turk Bank |
995.5 million manat ($585.59 million) |
|
11 |
Bank of Baku |
870.88 million manat ($512.28 million) |
|
12 |
Turan Bank |
822.77 million manat ($483.98 million) |
|
13 |
AzersenayeBank |
749.2 million manat ($440.7 million) |
|
14 |
Premium Bank |
685 million manat ($402.9 million) |
|
15 |
ZiraatBank |
636.68 million manat ($374.5 million) |
|
16 |
Expressbank |
560.2 million manat ($329.5 million) |
|
17 |
YapikrediBank |
514.8 million manat ($302.8 million) |
|
18 |
BTB Bank |
369 million manat ($217 million) |
|
19 |
AFB Bank |
330.6 million manat ($194 million) |
|
20 |
VTB Bank |
249.9 million manat ($147 million) |
|
21 |
Nakhchivan Bank |
206.2 million manat ($121 million) |
|
22 |
Avrasiya Bank |
184.5 million manat ($108.5 million) |
|
23 |
Bank Melli Iran |
121.7 million manat ($71.59 million) |