BAKU, Azerbaijan, January 19. The International Bank of Azerbaijan took first place in terms of deposit portfolio among Azerbaijani banks by results of 2023, Trend reports.
The data in the bank's financial report shows that its deposit portfolio amounted to 9.4 billion manat ($5.5 billion) in the reporting period.
PASHA Bank ranked second with a deposit portfolio of 6.9 billion manat ($4 billion).
Kapital Bank ranks third with a deposit portfolio of 6.3 billion manat ($3.7 billion), while XalqBank comes in fourth with 2.2 billion manat ($1.3 billion). The fifth is Bank Respublika with 1.4 billion manat ($823.5 million).
The total volume of the deposit portfolio of the first three banks is 22.65 billion manat ($13.3 billion), or 72.73 percent of the total volume of the deposit portfolio of 10 banks in Azerbaijan (31.1 billion manat, $18.3 billion), or 65.56 percent of the total volume of all banks in Azerbaijan (34.55 billion manat, or $20.3 billion).
Ranking of Azerbaijani banks by deposit portfolio volume:
|
Banks |
Deposit portfolio |
|
|
1 |
International Bank of Azerbaijan |
9.4 billion manat ($5.5 billion) |
|
2 |
PASHA Bank |
6.9 billion manat ($4 billion) |
|
3 |
Kapital Bank |
6.3 billion manat ($3.7 billion) |
|
4 |
Xalq Bank |
2.2 billion manat ($1.3 billion) |
|
5 |
Bank Respublika |
1.4 billion manat ($823.5 million) |
|
6 |
Yelo Bank |
1.3 billion manat ($764.7 million) |
|
7 |
UniBank |
1.2 billion manat ($705.9 million) |
|
8 |
AccessBank |
1.05 billion manat ($617.6 million) |
|
9 |
Rabita Bank |
753.8 million manat ($443.4 million) |
|
10 |
Bank of Baku |
515.8 million manat ($303.4 million) |
|
11 |
Azer–Turk Bank |
484.6 million manat ($285 million) |
|
12 |
Turan Bank |
458.9 million manat ($269.9 million) |
|
13 |
AzersenayeBank |
458.6 million manat ($269.8 million) |
|
14 |
Premium Bank |
426.8 million manat ($251 million) |
|
15 |
ZiraatBank |
411.4 million manat ($242 million) |
|
16 |
YapikrediBank |
366.7 million manat ($215.7 million) |
|
17 |
Expressbank |
230.4 million manat ($135.5 million) |
|
18 |
AFB Bank |
168.3 million manat ($99 million) |
|
19 |
BTB Bank |
152.9 million manat ($89.9 million) |
|
20 |
VTB Bank |
89.35 million manat ($52.6 million) |
|
21 |
Nakhchivan Bank |
63.4 million manat ($37.3 million) |
|
22 |
Avrasiya Bank |
48.5 million manat ($28.5 million) |
|
23 |
Bank Melli Iran |
44.03 million manat ($25.9 million) |