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Azerbaijan-based banks ranked in terms of deposit portfolio

04 November 2008 08:56 (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 deposit portfolio in accordance with the available data as of October 1, 2008.

(mln. AZN)

Banks		Deposit portfolio
1	International bank of Azerbaijan	2 367,476
2	Xalg Bank	283,848
3	Kapital Bank	227,933
4	Bank Standard	173,036
5	Bank Respublika	147,395
6	Bank of Baku	145,616
7	AGBank	140,183
8	Technikabank	134,001
9	UniBank	111,902
10	AtaBank	108,399
11	Rabitabank	79,342
12	Nikoil Bank	72,344
13	Pasha Bank	69,151
14	Yapı Kredi Bank Azerbaijan	67,459
15	Azerdemiryolbank	63,910
16	Bank of Azerbaijan	42,503
17	Turanbank	42,300
18	Zamin Bank	38,191
19	Amrahbank	36,187
20	Mughan Bank	34,434
21	Royal Bank of Baku	34,387
22	Parabank	33,300
23	Azerbaijan Industry Bank	31,731
24	Azer-Turk Bank	27,147
25	Bank Avrasiya	26,105
26	AccessBank	17,208
27	NBCBank	12,785
28	Gunaybank	9,258
29	United Credit Bank	8,675
30	Melli İran Bank Baku	6,721
31	Kredo Bank	6,679
32	Azerbaijan Credit Bank	6,043
33	Deka Bank	5,876
34	Atrabank	4,191
35	Gandjabank	3,920
36	Kafkaz Development Bank	2,535
37	Debut Bank	1,286
38	Birlik Bank	0,864

* 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.