Azerbaijan-based banks ranked by capital adequacy

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.
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