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Azerbaijan-based banks ranking by deposit portfolio growth rate

11 November 2008 07:49 (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 growth rate (compared to a year earlier) in accordance with the available data as of October 1, 2008.

Banks		Annual growth (%)
1	NBCBank	402,6
2	Royal Bank of Baku	228,3
3	Parabank	166,9
4	Zamin Bank	152,6
5	Xalg Bank	137,1
6	AccessBank *	95,2
7	Turanbank	91,4
8	Azerdemiryolbank	87,2
9	United Credit Bank	84,3
10	Kredo Bank	81,1
11	Bank of Azerbaijan	75,9
12	Azerbaijan Credit Bank	72,2
13	Amrahbank	69,5
14	Kapital Bank	66,8
15	Deka Bank	65,8
16	Bank of Baku	58,8
17	AGBank	56,6
18	International Bank of Azerbaijan	53,3
19	Kavkaz Development Bank	51,3
20	Nikoil Bank	50,0
21	AtaBank	47,1
22	Rabitabank	44,8
23	Gandjabank	41,5
24	Bank Respublika	39,3
25	Mughan Bank	26,1
26	Debut Bank	24,1
27	Azer-Turk Bank	18,1
28	Yapı Kredi Bank Azerbaijan	13,8
29	Birlik Bank	12,9
30	Bank Standard	10,9
31	Gunaybank	9,1
32	UniBank	- 3,1
33	Azerbaijan Industry Bank	- 7,4
34	Melli İran Bank, Baku	- 7,5
35	Technikabank	- 20,3
36	Atrabank	- 20,9
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.