Finance

Home page

Finance

Azerbaijan-based banks ranking by income growth rate

12 November 2008 08:58 (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 income growth rate (compared to a year earlier) in accordance with the available data as of October 1, 2008.

Banks		Income growth rate (%)
1	Royal Bank of Baku	207,8
2	Zamin Bank	173,9
3	Azerbaijan Industry Bank	163,0
4	Xalg Bank	155,1
5	Azerdemiryolbank	152,9
6	NBCBank	141,8
7	Bank of Azerbaijan	121,9
8	AccessBank *	114,1
9	Bank Respublika	110,5
10	Rabitabank	108,7
11	Bank of Baku	105,9
12	Technikabank	105,4
13	Nikoil Bank	104,8
14	UniBank	96,9
15	Yapı Kredi Bank Azerbaijan	93,9
16	Bank Standard	80,6
17	Parabank	79,4
18	Mughan Bank	74,2
19	AGBank	74,0
20	Kredo Bank	71,7
21	Kapital Bank	66,9
22	Turanbank	63,9
23	AtaBank	62,1
24	Gandjabank	51,0
25	Azerbaijan Credit Bank	50,3
26	International Bank of Azerbaijan	49,1
27	United Credit Bank	47,3
28	Azer-Turk Bank	40,0
29	Debut Bank	34,6
30	Gunaybank	30,5
31	Deka Bank	22,4
32	Amrahbank	15,8
33	Birlik Bank	15,4
34	Atrabank	11,0
35	Kafkaz Development Bank	5,9
36	Melli İran Bank, Baku	2,6
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.