Azerbaijan-based banks ranked in terms of share capital

Azerbaijan-based banks ranked in terms of share capital
# 04 November 2008 14:39 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. APA-Economics provides ranking of Azerbaijan-based bank organizations for their various figures and financial performance.
The project aims to highlight banks’ 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.
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THE OPERATION IS BEING PERFORMED