BAKU, Azerbaijan, April 24. The International Bank of Azerbaijan took first place in terms of total liabilities among the banks of Azerbaijan in the first quarter of 2024, Trend reports.
The bank's financial report showed that this figure amounted to 11.29 billion manat ($6.6 billion).
PASHA Bank took the second position in the ranking, with total liabilities of 7.8 billion manat ($4.59 billion).
Kapital Bank with total liabilities of 7.7 billion manat ($4.53 billion), Xalq Bank with 2.5 billion manat ($1.47 billion), and Bank Respublika with 1.9 billion manat ($1.1 billion) rounded off the top five.
The total liabilities of the first three banks amounted to 26.9 billion manat ($15.8 billion), or 71.93 percent of the total aggregate liabilities of 10 banks in Azerbaijan (37.46 billion manat or $22 billion), or 63.24 percent of the total aggregate liabilities of all banks in Azerbaijan (42.6 billion manat or $25 billion).
Ranking of Azerbaijani banks by total liabilities:
|
Banks |
Total liabilities |
|
|
1 |
International Bank of Azerbaijan |
11.29 billion manat ($6.6 billion) |
|
2 |
PASHA Bank |
7.8 billion manat ($4.59 billion) |
|
3 |
Kapital Bank |
7.7 billion manat ($4.53 billion) |
|
4 |
Xalq Bank |
2.5 billion manat ($1.47 billion) |
|
5 |
Bank Respublika |
1.9 billion manat ($1.1 billion) |
|
6 |
Uni Bank |
1.4 billion manat ($820 million) |
|
7 |
Azer-Turk Bank |
1.36 billion manat ($800 million) |
|
8 |
AccessBank |
1.2 billion manat ($710 million) |
|
9 |
Yelo Bank |
1 billion manat ($590 million) |
|
10 |
Rabita Bank |
959 million manat ($564 million) |
|
11 |
Turan Bank |
802.7 million manat ($472 million) |
|
12 |
Bank of Baku |
780 million manat ($458.8 million) |
|
13 |
Azersenaye Bank |
623.8 million manat ($366.9 million) |
|
14 |
Ziraat Bank |
621.67 million manat ($365.69 million) |
|
15 |
Premium Bank |
495.7 million manat ($291.59 million) |
|
16 |
Yapi Kredi Bank |
444 million manat ($261 million) |
|
17 |
Expressbank |
398 million manat ($234 million) |
|
18 |
BTB Bank |
316 million manat ($185.88 million) |
|
19 |
AFB Bank |
210 million manat ($123.5 million) |
|
20 |
VTB Bank |
150 million manat ($88 million) |
|
21 |
Nakhchivan Bank |
127.6 million manat ($75 million) |
|
22 |
Avrasiya Bank |
102 million manat ($60 million) |
|
23 |
Bank Melli Iran |
71 million manat ($41.7 million) |