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Azerbaijan-based banks ranked by capital adequacy

02 September 2008 13:28 (UTC +04:00)

Banks		Total capital/assets (%) (simple CAR)
1	Pasha Bank	69,19
2	Kovser Bank	61,49
3	Azernagliyyatbank	56,08
4	Kredo Bank	54,92
5	Melli İran Bank, Baku branch	53,63
6	Gunaybank	50,95
7	Bank Avrasiya	48,00
8	Deka Bank	46,97
9	Azerbaijan Credit Bank	45,02
10	United Credit Bank	43,45
11	NBCBank	43,34
12	Gandjabank	42,34
13	Birlik Bank	42,14
14	Atrabank	35,45
15	Debut Bank	33,74
16	Amrahbank	32,20
17	Kafkaz Development Bank	30,99
18	Azer-Turk Bank	30,05
19	Azerbaijan Industry Bank	23,75
20	Microfinance Bank of Azerbaijan	21,40
21	Royal Bank of Baku	21,23
22	Parabank	21,15
23	Turanbank	20,61
24	YapıKredi Bank Azerbaijan	18,51
25	Nikoil Bank	16,41
26	Azerdemiryolbank	16,38
27	AtaBank	16,33
28	Bank of Azerbaijan	15,14
29	Mughan Bank	14,96
30	AGBank	14,52
31	Kapital Bank	14,31
32	UniBank	13,89
33	Bank of Baku	13,38
34	Xalg Bank	12,86
35	Technikabank	12,25
36	Rabitabank	12,00
37	Bank Standard	11,60
38	Zamin Bank	11,22
39	Bank Respublika	10,32
40	International Bank of Azerbaijan	7,44

Only 40 of 44 banks operating in Azerbaijan are ranked in the table because others reject relations with media, declined to publicize their financial performance and put forward other types of subjective reasons not to submit figures.
Here, Pasha Bank ranked the first (69.19%) (This bank ranked 13th in terms of assets and 2nd by total capital).
International Bank of Azerbaijan (IBA), the largest bank of Azerbaijan and the region, ranks the 40th in the list (7.44%).
By practice, capital adequacy is more appropriate in a range of 10% and 20% and this ratio is considered credible enough.