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Azerbaijan-based banks ranked in terms of loan portfolio

04 November 2008 08:15 (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, bank organizations are ranked in terms of loan portfolio in accordance with the available data as of October 1, 2008.

Banks		Loan Portfolio (AZN million)
1	International Bank of Azerbaijan	2 631,728
2	Bank Standard	441,570
3	UniBank	347,932
4	Technikabank	305,886
5	Xalg Bank	294,414
6	Bank Respublika	279,231
7	Kapital Bank	191,721
8	Azerdemiryolbank	171,700
9	AGBank	159,889
10	AccessBank	158,718
11	Bank of Baku	153,773
12	Nikoil Bank	150,752
13	Bank of Azerbaijan	90,122
14	AtaBank	87,189
15	Royal Bank of Baku	77,160
16	Zamin Bank	73,359
17	Rabitabank	72,504
18	Mughan Bank	67,294
19	Turanbank	64,700
20	Pasha Bank	54,384
21	Amrahbank	48,914
22	Parabank	39,200
23	Azerbaijan Industry Bank	33,671
24	NBCBank	30,516
25	Birlik Bank	28,520
26	Debut Bank	28,294
27	Azer-Turk Bank	27,849
28	Kafkaz Development Bank	27,835
29	Bank Avrasiya	27,201
30	Gandjabank	26,374
31	Atrabank	25,612
32	Azerbaijan Credit Bank	23,820
33	Deka Bank	23,795
34	Gunaybank	23,081
35	United Credit Bank	22,167
36	Kredo Bank	21,312
37	Yapı Kredi Bank Azerbaijan	13,259
38	Melli İran Bank, Baku	6,619

* Microfinance Bank of Azerbaijan changed its name to AccessBank on September 8, 2008.

Only 38 of 45 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.