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Azerbaijan-based banks ranked in terms of share capital

02 June 2009 09:48 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. APA-Economics provides ranking of Azerbaijan-based bank organizations for their various figures and financial performance.
The project aims to highlight banksâ€™ financial performance and update the public and potential investors. In the table below, banks are ranked in terms of their authorized capital in accordance with the available data as of April 1, 2009.

Banks		Authorized capital stock (AZN million)
1	International Bank of Azerbaijan	193,83
2	Pasha Bank	100,00
3	Bank Standard	64,56
4	Xalg Bank	53,55
5	YapıKredi Bank Azerbaijan	27,21
6	Texnikabank	26,91
7	Kapital Bank	24,00
8	Nikoil Bank	22,50
9	AccessBank	20,00
10	Bank Avrasiya	20,00
11	Royal Bank	19,91
12	Mughan Bank	18,00
13	Turan Bank	17,00
14	Bank of Azerbaijan	15,00
15	AGBank	15,00
16	AtaBank	15,00
17	UniBank	15,00
18	NBCBank	13,59
19	Azerdemiryolbank	13,40
20	Kredo Bank	13,04
21	Amrahbank	12,82
22	Azerbaijan Industry Bank	12,80
23	Bank Respublika	12,58
24	United Credit Bank	12,11
25	Zamin Bank	11,20
26	Gunay Bank	10,89
27	Azernaqliyyatbank	10,78
28	Atrabank	10,42
29	Azerbaijan Credit Bank	10,21
30	Para Bank	10,07
31	Kovser Bank	10,02
32	Azfinansbank	10,00
33	Azer-Turk Bank	10,00
34	Kafkaz Development Bank	10,00
35	Gandja Bank	10,00
36	Melli Iran Bank Baku Branch	10,00
37	Deka Bank	9,59
38	Debut Bank	8,75
39	Rabitabank	8,50
40	Bank of Baku	6,80

Only 40 of 46 banks operating in Azerbaijan are ranked in the table because others reject relations with media, declined to publicize their financial performance and put forward other types of subjective reasons not to submit figures.