BAKU, Azerbaijan, April 25. Following the results of the first quarter of 2024, the International Bank of Azerbaijan ranked first in terms of loan portfolio among banks in Azerbaijan, Trend reports.
According to the bank's financial report, the size of its loan portfolio in the reporting period amounted to 5.3 billion manat ($3.1 billion).
The second position in the ranking was occupied by Kapital Bank, with a loan portfolio of 4.3 billion manat ($2.5 billion).
PASHA Bank is in third place with a loan portfolio of 3 billion manat ($1.7 billion), XalqBank is in fourth place with 1.8 billion manat ($1 billion), and Bank Respublika closes the top five with 1.1 billion manat ($646 million).
The aggregate loan portfolio of the first three banks amounts to 12.8 billion manat ($7.5 billion), or 63.79 percent of the total loan portfolio of 10 banks in Azerbaijan (20 billion manat ($11.7 billion)), as well as 53.15 percent of the total loan portfolio of all banks in Azerbaijan (24 billion manat ($14.1 billion)).
Ranking of Azerbaijani banks by loan portfolio volume:
| Banks | Loan portfolio | |
| 1 | International Bank | 5.3 billion manat ($3.1 billion) |
| 2 | Kapital Bank | 4.3 billion manat ($2.5 billion) |
| 3 | Pasha Bank | 3 billion manat ($1.7 billion) |
| 4 | Xalq Bank | 1.8 billion manat ($1 billion) |
| 5 | Bank Respublika | 1.1 billion manat ($646 million) |
| 6 | Uni Bank | 1 billion manat ($587 million) |
| 7 | AccessBank | 1 billion manat ($587 million) |
| 8 | Yelo Bank | 802.5 million manat ($471.7 million) |
| 9 | Rabita Bank | 717.3 million manat ($421.6 million) |
| 10 | Azer-Turk Bank | 674.4 million manat ($396.4 million) |
| 11 | Bank of Baku | 669.3 million manat ($393.4 million) |
| 12 | Turan Bank | 635 million manat ($373.2 million) |
| 13 | Premium Bank | 478.2 million manat ($281.1 million) |
| 14 | Expressbank | 417.7 million manat ($245.5 million) |
| 15 | Ziraat Bank | 377.3 million manat ($221.7 million) |
| 16 | YapikrediBank | 298.4 million manat ($175.4 million) |
| 17 | BTB Bank | 273.9 million manat ($161 million) |
| 18 | Azersenaye Bank | 251.3 million manat ($147.7 million) |
| 19 | VTB Bank | 198 million manat ($116.4 million) |
| 20 | AFB Bank | 176.8 million manat ($103.9 million) |
| 21 | Avrasiya Bank | 135.1 million manat ($79.4 million) |
| 22 | Nakhichivan Bank | 103.6 million manat ($60.9 million) |
| 23 | Bank Melli Iran | 3.2 million manat ($1.8 million) |
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