BAKU, Azerbaijan, April 25. The International Bank of Azerbaijan took first place in terms of aggregate capital among the local banks in the first quarter of 2024, Trend reports.
The bank's financial report showed that this figure amounted to 1.76 billion manat ($1.04 billion).
Kapital Bank took the second position in the ranking, with an aggregate capital of 977 million manat ($574.7 million).
PASHA Bank with an aggregate capital of 910.2 million manat ($535.4 million), Xalq Bank with 455.4 million manat ($267.88 million), and Bank Respublika with 177.2 million manat ($104.2 million) rounded off the top five.
The total capital of the first three banks amounted to 3.64 billion manat ($2.14 billion), or 72.28 percent of the total aggregate capital of 10 banks in Azerbaijan (five billion manat ($29.4 billion), or 59.38 percent of the aggregate capital of all banks in Azerbaijan (six billion manat, or $35 billion).
Ranking of Azerbaijani banks by total capital:
|
Banks |
Total capital |
|
|
1 |
International Bank of Azerbaijan |
1.76 billion manat ($1.04 billion) |
|
2 |
Kapital Bank |
977 million manat ($574.7 million) |
|
3 |
PASHA Bank |
910.2 million manat ($535.4 million) |
|
4 |
Xalq Bank |
455.4 million manat ($267.88 million) |
|
5 |
Bank Respublika |
177.2 million manat ($104.2 million) |
|
6 |
Premium Bank |
173.58 million manat ($102 million) |
|
7 |
UniBank |
164.98 million manat ($97 million) |
|
8 |
AccessBank |
155.5 million manat ($91.4 million) |
|
9 |
Bank of Baku |
140.9 million manat ($82.9 million) |
|
10 |
Expressbank |
131.35 million manat ($77.26 million) |
|
11 |
Rabita Bank |
116.6 million manat ($68.6 million) |
|
12 |
ZiraatBank |
116.46 million manat ($68.5 million) |
|
13 |
AzersenayeBank |
112.67 million manat ($66.28 million) |
|
14 |
Turan Bank |
92.27 million manat ($54.28 million) |
|
15 |
YapikrediBank |
90.28 million manat ($53 million) |
|
16 |
Azer–Turk Bank |
86.7 million manat ($51 million) |
|
17 |
VTB Bank |
85.9 million manat ($50.5 million) |
|
18 |
Avrasiya Bank |
80.48 million manat ($47.3 million) |
|
19 |
AFB Bank |
78.4 million manat ($46 million) |
|
20 |
Nakhchivan Bank |
63 million manat ($37 million) |
|
21 |
Yelo Bank |
61.37 million manat ($36 million) |
|
22 |
Bank Melli Iran |
59.9 million manat ($35 million) |
|
23 |
BTB Bank |
52 million manat ($30.6 million) |