BAKU, Azerbaijan, February 3. The International Bank of Azerbaijan (IBA) took the top spot for total capital among Azerbaijani banks in the fourth quarter of 2024.
The data obtained by Trend from the bank's financial report shows that the volume of the bank's total capital for the reporting period amounted to 1.8 billion manat ($1 billion).
The second position was occupied by Kapital Bank with a total capital of 1.1 billion manat ($647 million).
PASHA Bank took third place with 897.7 million manat ($528 million) of total capital, Xalq Bank placed fourth with 505.3 million manat ($297.2 million), and Bank Respublika closed the top five with 224.2 million manat ($131.8 million).
The combined capital of the first three banks stands at 3.8 billion manat ($2.2 billion), which represents 71.35 percent of the total authorized capital of 10 banks in Azerbaijan, totaling 5.4 billion manat ($3.1 billion). This also accounts for 59.07 percent of the overall capital of all banks in Azerbaijan, which is 6.5 billion manat ($3.8 billion).
Ranking of banks in Azerbaijan by total capital:
| Banks | Total capital | |
| 1 | International Bank of Azerbaijan (IBA) | 1.8 billion manat ($1 billion) |
| 2 | Kapital Bank | 1.1 billion manat ($647 million) |
| 3 | PASHA Bank | 897.7 million manat ($528 million) |
| 4 | Xalq Bank | 505.3 million manat ($297.2 million) |
| 5 | Bank Respublika | 224.2 million manat ($131.8 million) |
| 6 | AccessBank | 185 million manat ($108.8 million) |
| 7 | UniBank | 177.8 million manat ($104.5 million) |
| 8 | Premium Bank | 172.6 million manat ($101.5 million) |
| 9 | Bank of Baku | 153.1 million manat ($90 million) |
| 10 | Expressbank | 136.9 million manat ($80.5 million) |
| 11 | Rabita Bank | 132.8 million manat ($78.1 million) |
| 12 | ZiraatBank | 128.4 million manat ($75.5 million) |
| 13 | Turan Bank | 121 million manat ($71.1 million) |
| 14 | AzersenayeBank | 118.3 million manat ($69.5 million) |
| 15 | AzerTurk Bank | 100.3 million manat ($59 million) |
| 16 | YapikrediBank | 99.8 million manat ($58.7 million) |
| 17 | VTB Bank | 92.2 million manat ($54.2 million) |
| 18 | Avrasiya Bank | 83.5 million manat ($49.1 million) |
| 19 | AFB Bank | 75 million manat ($44.1 million) |
| 20 | Bank Melli Iran | 64.7 million manat ($38 million) |
| 21 | Yelo Bank | 61.3 million manat ($36 million) |
| 22 | BTB Bank | 51 million manat ($30 million) |