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Azerbaijan-based banks ranking for profit growth

09 June 2009 08:59 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. APA-Economics provides ranking of Azerbaijan-based banks 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 for profit growth in accordance with the available data as of April 1, 2009.

Banks		Annual rise (%)
1	Rabitabank	403,8
2	Zamin Bank	340,3
3	Nikoil Bank	305,4
4	Azernaqliyyatbank	279,3
5	Kapital Bank	179,5
6	Kovser Bank	179,2
7	Royal Bank	170,6
8	Gunay Bank	148,4
9	Pasha Bank	112,8
10	NBCBank	110,0
11	Azerbaijan Industry Bank	68,6
12	Texnika Bank	48,7
13	Gandja Bank	46,9
14	Turan Bank	42,9
15	AccessBank	40,4
16	Azerbaijan Credit Bank	36,3
17	Deka Bank	34,2
18	Azer-Turk Bank	26,9
19	International Bank of Azerbaijan	22,6
20	Bank Respublika	21,2
21	AGBank	- 7,4
22	AtaBank	- 7,6
23	Bank of Baku	- 8,1
24	Azerdemiryolbank	- 11,5
25	YapıKredi Bank Azerbaijan	- 17,4
26	UniBank	- 32,6
27	Bank Standard	- 38,0
28	Amrahbank	- 40,9
29	Atrabank	- 57,7
30	Kredo Bank	- 84,3
31	Melli Iran Bank-Baku Branch	- 96,7
32	United Credit Bank	-
33	Xalg Bank	-
34	Bank of Azerbaijan	-
35	Bank Avrasiya	-
36	Mughan Bank	-
37	Para Bank	-
38	Kafkaz Development Bank	-
39	Debut Bank	-
40	Azfinansbank	-

United Credit Bank got a loss of AZN 51 000 for the first quarter as against a profit of AZN 275 000 on the same period last year.

Khalg Bank posted a profit of AZN 5.049 million as against a loss of AZN 1.409 million in the first quarter last year.

Bank of Azerbaijan had a loss of AZN 36 000 as against a profit of AZN 426 000 in the first quarter last year.

Bank Avrasiya got a profit of AZN 552 000 as against a loss of AZN 184 000 in the first quarter last year.

Mughan Bank got a loss of AZN 637 000 as against a profit of AZN 518 000 in the first quarter last year.

Para Bank posted a loss of AZN 30 000 in the first quarter this year as against a loss of AZN 42 000 in the same period last year.

Kafkaz Development Bank posted a loss of AZN 520 000 in the first quarter as against a loss of AZN 684 000 in the same period last year.

Debut Bank posted a loss of AZN 707 000 in the first quarter as against a profit of AZN 1.054 million in the same period last year.

Azfinansbank launched operation in February 2009.