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Azerbaijan-based banks ranked by rise in the number of their branches

01 September 2008 15:33 (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, in accordance with the available data as at July 1, 2008, banks are ranked in terms of the rise in the number of their branches, compared to the same period last year.

Banks		Annual rise (%)
1	Xalg Bank	200,0
2	Azerbaijan Industry Bank	150,0
3	UniBank	125,0
4	Royal Bank of Baku	110,0
5	NBCBank	100,0
6	Microfinance Bank of Azerbaijan	50,0
7	Gandjabank	50,0
8	Azer-Turk Bank	50,0
9	Nikoil Bank	42,86
10	Bank Respublika	42,11
11	Atrabank	37,50
12	Bank Standard	36,36
13	Mughan Bank	31,25
14	Rabitabank	30,77
15	Bank of Baku	25,0
16	Amrahbank	22,22
17	AtaBank	21,43
18	Azerdemiryolbank	19,05
19	AGBank	18,18
20	Technikabank	17,24
21	Bank of Azerbaijan	12,50
22	Zamin Bank	11,11
23	Kapital Bank	2,72
24	International Bank of Azerbaijan	0
25	Turanbank	0
26	Kredo Bank	0
27	Parabank	0
28	Debut Bank	0
29	Deka Bank	0
30	United Credit Bank	0
31	Azernaqliyyatbank	0
32	Birlik Bank	0
33	Kafkaz Development Bank	0
34	YapıKredi Bank Azerbaijan	0
35	KovserBank	0
36	GunayBank	0
37	Azerbaijan Credit Bank	-
38	Melli İran Bank, Baku branch	-
39	Bank Avrasiya	-
40	Pasha Bank	-

For the number of branches across the country, International Bank of Azerbaijan is the second to none but it didnâ€™t open new branches over the past year.