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Azerbaijan-based banks ranking by loan portfolio growth rate

11 November 2008 07:56 (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 loan portfolio growth rate (compared to a year earlier) in accordance with the available data as of October 1, 2008.

Banks		Annual growth (%)
1	Royal Bank of Baku	207,5
2	Xalg Bank	110,8
3	Kapital Bank	107,0
4	International Bank of Azerbaijan	105,5
5	AccessBank	101,2
6	Nikoil Bank	99,9
7	Para Bank	97,4
8	Azerbaijan Industry Bank	94,3
9	Bank Respublika	91,3
10	Zamin Bank	88,8
11	NBCBank	84,2
12	Rabitabank	81,2
13	AGBank	76,6
14	Azerdemiryolbank	74,9
15	Bank of Baku	73,3
16	Amrahbank	65,7
17	UniBank	64,8
18	AtaBank	61,6
19	Mughan Bank	54,4
20	Kredo Bank	54,3
21	Turan Bank	49,8
22	Azer-Turk Bank	48,5
23	Technikabank	48,3
24	Bank of Azerbaijan	36,2
25	Bank Standard	36,0
26	United Credit Bank	35,9
27	Gunay Bank	34,0
28	GandjaBank	22,8
29	Deka Bank	22,1
30	YapÄ± Kredi Bank Azerbaijan	18,4
31	Debut Bank	18,2
32	Azerbaijan Credit Bank	14,8
33	Birlik Bank	14,6
34	Atrabank	11,3
35	Kafkaz Development Bank	8,3
36	Melli Ä°ran 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.