Azerbaijan-based banks ranking for assets

Azerbaijan-based banks ranking for assets
# 21 May 2010 07:44 (UTC +04:00)
The project aims to highlight banks’ financial performance and update the public and potential investors. In the table below, bank organizations are ranked by assets in accordance with the available data as of April 1. 2010.

(mln. AZN)

Banks

Assets

1

International Bank of Azerbaijan

5 256.951

2

Bank Standard

589.049

3

Xalg Bank

534.605

4

Kapital Bank

492.318

5

Technikabank

452.621

6

Unibank

347.378

7

Bank Respublika

334.485

8

Pasha Bank

333.289

9

AccessBank

324.470

10

DemirBank

281.802

11

AGBank

239.416

12

YapiKredi Bank Azerbaijan

219.517

13

AtaBank

201.110

14

Nikoil Bank

198.011

15

Bank of Baku

194.586

16

Zamin Bank

189.685

17

Bank of Azerbaijan

166.119

18

Mugan Bank

154.606

19

Royal Bank

149.346

20

Expressbank

139.951

21

Turanbank

119.793

22

Rabitabank

107.640

23

Azerbaijan Industry Bank

106.434

24

Parabank

94.993

25

Amrahbank

81.496

26

Kredo Bank

56.322

27

Birlik Bank

53.648

28

Bank Avrasiya

49.346

29

NBC Bank

46.343

30

SilkWay Bank

46.179

31

Azer-Turk Bank

43.252

32

United Credit Bank

40.772

33

Gandjabank

40.252

34

Melli Iran Bank - Baku

37.299

35

Kafkaz Development Bank

35.941

36

Atrabank

35.392

37

Deka Bank

33.133

38

Gunaybank

33.083

39

VTB Bank Azerbaijan

31.208

40

Azerbaijan Credit Bank

23.039

41

Kovser Bank

18.024

42

AFB Bank*

-

43

Pakistan National Bank - Baku*

-

44

Debut Bank*

-

45

Nakhchevan Bank*

-

46

EuroBank*

-

47

BTB Bank*

-



Only 41 of 47 banks operating in Azerbaijan are ranked in the table because others rejected relations with media. declined to publicize their financial performance and put forward other types of subjective reasons not to submit figures.

As expected. International Bank of Azerbaijan (IBA), the largest bank of Azerbaijan and the region, ranked the first in the list.
With a 50.2% state-owned stake. IBA achieved the leading role because of large coverage throughout the country. dynamic growth and other objective reasons.
IBA’s assets reached $6.543 billion in dollar equivalent.
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