The project aims to highlight banks’ financial performance and update the public and potential investors. In the table below, banks are ranked for number of customer growth rate with the available data as of January 1. 2011.
Banks | Annual growth (%) | |
1 | VTB Azerbaijan | 571.23 |
2 | Turanbank | 134.27 |
3 | Bank of Baku | 55.60 |
4 | Xalq Bank | 53.45 |
5 | Bank Avrasiya | 47.53 |
6 | Bank Nikoil | 44.18 |
7 | Mugan Bank | 34.31 |
8 | Bank Standard | 30.83 |
9 | RoyalBank | 29.10 |
10 | Demirbank | 27.77 |
11 | Expressbank | 25.10 |
12 | Gandjabank | 21.92 |
13 | SilkWay Bank | 19.21 |
14 | Bank of Azerbaijan | 18.50 |
15 | Rabitabank | 17.31 |
16 | Azer-Turk Bank | 16.59 |
17 | Kavkaz Development Bank | 12.97 |
18 | KredoBank | 12.34 |
19 | Gunaybank | 9.47 |
20 | Parabank | 2.72 |
21 | Atrabank | 2.71 |
22 | Amrahbank | 1.68 |
23 | YapiKredi Bank Azerbaijan | 0.50 |
24 | NBC Bank | - 6.49 |
25 | AGBank | - 17.47 |
26 | IBAR | - |
27 | Zamin Bank | - |
28 | PASHA Bank | - |
29 | AtaBank | - |
30 | AccessBank | - |
31 | United Credit Bank | - |
32 | Deka Bank | - |
33 | Kapital Bank | - |
34 | Azerbaijan Industry Bank | - |
35 | Texnikabank | - |
36 | Unibank | - |
37 | Bank Respublika | - |
38 | Azerbaijan Credit Bank* | - |
39 | AFB Bank* | - |
40 | National Bank of Pakistan– Baku* | - |
41 | BTB Bank* | - |
42 | Eurobank* | - |
43 | Nakhchıvanbank* | - |
44 | Bank Melii Iran - Baku * | - |
* These banks did not release indexes.