Azerbaijan-based banks ranking for assets growth rate

Azerbaijan-based banks ranking for assets growth rate
# 10 November 2008 12:26 (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 by assets growth rate in accordance with the available data as of October 1, 2008.

Banks

Annual growth in assets (%)

1

Nikoil Bank

258,3

2

Royal Bank of Baku

172,4

3

Xalg Bank

108,1

4

Kapital Bank

92,7

5

AccessBank *

84,7

6

Parabank

81,4

7

International Bank of Azerbaijan

79,5

8

Azerdemiryolbank

77,3

9

Zamin Bank

77,1

10

Bank Respublika

67,8

11

Bank of Baku

63,6

12

Birlik Bank

63,4

13

AGBank

60,6

14

United Credit Bank

59,1

15

NBCBank

55,0

16

Turanbank

53,5

17

Amrahbank

52,3

18

Technikabank

48,4

19

AtaBank

48,1

20

UniBank

46,9

21

Kredo Bank

41,9

22

Rabitabank

40,2

23

Bank of Azerbaijan

37,2

24

Azerbaijan Industry Bank

32,9

25

Yapı Kredi Bank Azerbaijan

26,5

26

Mughan Bank

24,8

27

Gandjabank

23,9

28

Debut Bank

23,3

29

Gunaybank

20,2

30

Bank Standard

20,0

31

Azerbaijan Credit Bank

16,0

32

Azer-Turk Bank

14,9

33

Deka Bank

7,7

34

Kafkaz Development Bank

6,6

35

Atrabank

4,8

36

Melli İran Bank, Baku

- 3,3

37

Bank Avrasiya *

-

38

Pasha Bank *

-



* Microfinance Bank of Azerbaijan changed its name to AccessBank on September 8, 2008.
* Bank Avrasiya and Pasha Bank launched operations in November 2007.

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