Finance

Home page

Finance

Azerbaijan-based banks ranking for assets

21 May 2010 07:44 (UTC +04:00)

The project aims to highlight banksâ€™ 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.
IBAâ€™s assets reached $6.543 billion in dollar equivalent.