BAKU, Azerbaijan, January 19. The International Bank of Azerbaijan (IBA) took first place in terms of authorized capital among local banks by results of 2023, Trend reports.
The data from the IBA's balance sheet revealed that the volume of the bank's authorized capital amounted to 1.2 billion manat ($720.6 million).
Yelo Bank took the second position with a total authorized capital of 378 million manat ($222.4 million).
Xalq Bank ranked third with an authorized capital of over 364.8 billion manat ($214.6 million), followed by PASHA Bank (354.5 million manat or $208.5 million) and VTB Bank (315.8 million manat or $185.8 million).
Thus, the authorized capital of the first three banks totaled 1.96 billion manat ($1.16 billion), or 54.98 percent of the total authorized capital of 10 banks in Azerbaijan (3.6 billion manat or $2.1 billion), or 44.5 percent of the total volume of all banks in Azerbaijan (4.4 billion manat or $2.6 billion).
Ranking of Azerbaijani banks in terms of the volume of authorized capital:
|
Banks |
Authorized capital |
|
|
1 |
International Bank of Azerbaijan |
1.2 billion manat ($705.8 million) |
|
2 |
Yelo Bank |
378 million manat ($222.4 million) |
|
3 |
Xalq Bank |
364.8 million manat ($214.6 million) |
|
4 |
PASHA Bank |
354.5 million manat ($208.5 million) |
|
5 |
VTB Bank |
315.8 million manat ($185.8 million) |
|
6 |
AccessBank |
270.1 million manat ($158.9 million) |
|
7 |
Kapital Bank |
265.9 million manat ($156.4 million) |
|
8 |
Premium Bank |
154.6 million manat ($90.9 million) |
|
9 |
UniBank |
138.2 million manat ($81.3 million) |
|
10 |
Expressbank |
112.5 million manat ($66.2 million) |
|
11 |
Rabitabank |
101.3 million manat ($59.6 million) |
|
12 |
Turan Bank |
80 million manat ($55.2 million) |
|
13 |
Bank Respublika |
74 million manat ($43.5 million) |
|
14 |
Bank Melli Iran |
73.6 million manat ($43.3 million) |
|
15 |
AFB Bank |
70.4 million manat ($41.4 million) |
|
16 |
BTB Bank |
66.5 million manat ($39.1 million) |
|
17 |
ZiraatBank |
65.5 million manat ($38.5 million) |
|
18 |
AzersenayeBank |
60 million manat ($35.3 million) |
|
19 |
YapikrediBank |
55.4 million manat ($32.6 million) |
|
20 |
Bank of Baku |
53 million manat ($31.2 million) |
|
21 |
Azer–Turk Bank |
50 million manat ($29.4 million) |
|
22 |
Avrasiya Bank |
50 million manat ($29.4 million) |
|
23 |
Nakhichivan Bank |
43.9 million manat ($25.8 million) |