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Azerbaijan-based banks ranking by share capital growth rate

11 November 2008 10:03 (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 share capital growth rate (compared to a year earlier) in accordance with the available data as of October 1, 2008.

Banks		Annual growth (%)
1	Bank Respublika	127,8
2	Nikoil Bank	125,0
3	AccessBank *	81,8
4	Birlik Bank	60,0
5	Amrahbank	56,7
6	Azerdemiryolbank	48,9
7	Bank of Azerbaijan	46,4
8	AGBank	44,9
9	AtaBank	42,4
10	Turanbank	36,4
11	Technikabank	34,6
12	International Bank of Azerbaijan	32,8
13	Royal Bank of Baku	29,0
14	Azerbaijan Industry Bank	28,0
15	NBCBank	27,6
16	Kredo Bank	23,7
17	Mughan Bank	20,0
18	Rabitabank	14,3
19	Atrabank	10,6
20	Gunaybank	8,1
21	Parabank	7,2
22	Azerbaijan Credit Bank	5,8
23	Debut Bank	3,4
24	UniBank	0,0
25	Bank of Baku	0,0
26	Kapital Bank	0,0
27	United Credit Bank	0,0
28	Bank Standard	0,0
29	Azer-Turk Bank	0,0
30	Zamin Bank	0,0
31	Yapı Kredi Bank Azerbaijan	0,0
32	Kafkaz Development Bank	0,0
33	Xalg Bank	0,0
34	Gandjabank	0,0
35	Deka Bank	0,0
36	Melli İran Bank, Baku	0,0
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.