Finance

Finance

Azerbaijan-based banks ranking by profit growth rate

02 March 2010 15:34 (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, banking organizations are ranked in terms of profit growth rate in accordance with the available data as of January 1, 2010.

Banks		Annual growth (%)
1	Gunaybank	29.7 defe
2	Xalg Bank	28 defe
3	Zamin Bank	19 defe
4	Deka Bank	797.45
5	Bank Avrasiya	648.87
6	Azernegliyyatbank	371.34
7	Pasha Bank	116.54
8	AccessBank	48.96
9	International bank of Azerbaijan	32.38
10	Kovser Bank	22.18
11	Azerbaijan Credit Bank	21.93
12	Turanbank	21.26
13	Kapital Bank	17.68
14	Amrahbank	10.46
15	Nikoil Bank	7.41
16	Azerbaijan Industry Bank	6.23
17	NBCBank	2.98
18	YapiKredi Bank Azerbaijan	- 15.79
19	Melli Iran Bank - Baku	- 25.34
20	Technikabank	- 27.52
21	Bank Respublika	- 34.27
22	Azer-Turk Bank	- 35.41
23	Kredo Bank	- 37.32
24	AtaBank	- 38.72
25	Bank of Baku	- 42.22
26	Atrabank	- 42.68
27	DemirBank	- 50.37
28	Bank Standard	- 53.34
29	Birlik Bank	- 55.12
30	Unibank	- 59.33
31	Mugan Bank	- 61.78
32	Gandjabank	- 66.86
33	Rabitabank	- 77.55
34	United Credit Bank	- 77.72
35	AGBank	- 98.76
36	Parabank*	-
37	Royal Bank*	-
38	Kafkaz Development Bank*	-
39	Bank of Azerbaijan*	-

* Parabank made a profit of AZN 336 000 in 2009, made a loss AZN 815 000 in 2008.
* Royal Bank made a loss AZN 471 000 in 2009, made a profit AZN 61 000 in 2008.
* Kafkaz Development Bank made a loss AZN 971 000 in 2009.
* Bank of Azerbaijan made a loss AZN 886 000 in 2009, made a profit AZN 521 000 in 2008.