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Azerbaijan-based banks ranked in terms of total capital

04 November 2008 14:37 (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 total capital in accordance with the available data as of October 1, 2008.

(mln. AZN)

Banks		Total Capital
1	International Bank of Azerbaijan	328,794
2	Pasha Bank	107,304
3	Bank Standard	85,914
4	Kapital Bank	74,158
5	UniBank	64,129
6	Technikabank	57,438
7	Xalg Bank	46,172
8	Bank Respublika	43,686
9	AccessBank	39,665
10	Azerdemiryolbank	34,130
11	AGBank	30,080
12	Nikoil Bank	29,916
13	Bank of Baku	25,521
14	Yapı Kredi Bank Azerbaijan	22,083
15	Amrahbank	21,884
16	Bank Avrasiya	20,835
17	Bank of Azerbaijan	20,684
18	Royal Bank of Baku	19,412
19	AtaBank	18,815
20	Birlik Bank	18,662
21	Turanbank	17,800
22	Azerbaijan Industry Bank	17,730
23	Mughan Bank	14,981
24	NBCBank	14,875
25	Kredo Bank	14,648
26	Zamin Bank	14,300
27	United Credit Bank	13,428
28	Rabitabank	12,361
29	Gandjabank	12,049
30	Azer-Turk Bank	11,983
31	Parabank	11,729
32	Atrabank	11,474
33	Azerbaijan Credit Bank	11,337
34	Deka Bank	11,324
35	Melli İran Bankı Bakı	11,223
36	Debut Bank	11,121
37	Gunaybank	10,709
38	Kafkaz Development Bank	10,490

* 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.