BAKU, Azerbaijan, April 23. Kapital Bank has taken first place among Azerbaijani banks in terms of income in the first quarter of 2024, Trend reports.
According to the financial report, the volume of income of the bank for the reporting period amounted to 323.499 million manat, or $190.3 million.
International Bank of Azerbaijan (ABB) took the second position in the ranking with a total income of 277.16 million manat, or $163.03 million.
PASHA Bank ranked third with a total income of 196.102 million manat, or $115.35 million, while UniBank ranked fourth with 80.403 million manat, or $47.3 million, followed by Bank Respublika with 62.735 million manat, or $36.9 million.
The total income of the first three banks amounts to 796.761 million manat, or $468.68 million, which is 67.08 percent of the total income of 10 banks in Azerbaijan (1.187 billion manat, or $698.2 million), or 58.7 percent of the total income of all banks in Azerbaijan (1.357 billion manat, or $798.2 million).
Ranking of Azerbaijani banks by income volume for the first quarter of 2024:
| Banks | Total revenues, manat | |
| 1 | Kapital Bank | 323.5 million ($190.3 million) |
| 2 | International Bank | 277.1 million ($163.03 million) |
| 3 | PASHA Bank | 196.1 million ($115.35 million) |
| 4 | Uni Bank | 80.4 ($47.3 million) |
| 5 | Bank Respublika | 62.7 million ($36.9 million) |
| 6 | AccessBank | 57.2 million ($33.65 million) |
| 7 | Yelo Bank | 56.06 million ($32.98 million) |
| 8 | Xalq Bank | 55.2 million ($32.47 million) |
| 9 | Rabita Bank | 40.3 million ($23.7 million) |
| 10 | Bank of Baku | 39.05 million ($22.97 million) |
| 11 | Azer–Turk Bank | 31.6 million ($18.58 million) |
| 12 | Turan Bank | 25.25 million ($14.85 million) |
| 13 | Expressbank | 20.17 million ($11.86 million) |
| 14 | Yapi Kredi Bank | 16.1 million ($9.47 million) |
| 15 | Ziraat Bank | 15.3 million ($8.9 million) |
| 16 | Azersenaye Bank | 12 million ($7.06 million) |
| 17 | Premium Bank | 11.6 million ($6.8 million) |
| 18 | VTB Bank | 9.87 million ($5.8 million) |
| 19 | BTB Bank | 8.7 million ($5.1) |
| 20 | ATB Bank | 8.09 million ($4.76) |
| 21 | Avrasiya Bank | 4.1 million ($2.4) |
| 22 | Bank Melli Iran | 3.4 million ($2.01) |
| 23 | Nakhichivan Bank | 3.18 million ($1.87) |