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Azerbaijan-based banks ranked in terms of share capital

04 November 2008 14:39 (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 their authorized capital in accordance with the available data as of October 1, 2008.

(mln. AZN)

Banks		Authorized capital
1	International Bank of Azerbaijan	130,080
2	Pasha Bank	100,000
3	Xalg Bank	53,550
4	Bank Standard	50,000
5	Technikabank	26,910
6	Kapital Bank	24,000
7	Bank Respublika	22,580
8	Nikoil Bank	22,500
9	Bank Avrasiya	20,000
10	AccessBank	20,000
11	Royal Bank of Baku	16,910
12	Birlik Bank	16,000
13	Turanbank	15,000
14	UniBank	15,000
15	AGBank	15,000
16	Bank of Azerbaijan	14,640
17	AtaBank	14,470
18	NBCBank	13,590
19	Azerdemiryolbank	13,400
20	Kredo Bank	13,040
21	Amrahbank	12,820
22	Azerbaijan Industry Bank	12,800
23	United Credit Bank	12,110
24	Mughan Bank	12,000
25	Zamin Bank	11,200
26	Gunaybank	10,890
27	Atrabank	10,430
28	Azerbaijan Credit Bank	10,210
29	Azer-Turk Bank	10,000
30	Gandjaəbank	10,000
31	Kafkaz Development Bank	10,000
32	Melli İran Bank Baku	10,000
33	Deka Bank	9,590
34	Parabank	9,390
35	Debut Bank	8,750
36	Rabitabank	8,000
37	Bank of Baku	6,800
38	Yapı Kredi Bank Azerbaijan	6,350

* 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.