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Azerbaijan-based banks ranking by expenditure growth rate

13 November 2008 13:25 (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 expenditure growth rate (compared to January-September last year) in accordance with the available data as of October 1, 2008.

Banks		Annual rise (%)
1	Birlik Bank	404,4
2	Bank of Azerbaijan	240,5
3	Zamin Bank	230,3
4	NBCBank	222,0
5	Royal Bank of Baku	209,1
6	Azerbaijan Industry Bank	206,4
7	Xalg Bank	187,5
8	Azerdemiryolbank	122,8
9	Parabank	118,8
10	Rabitabank	116,0
11	UniBank	113,6
12	Yapı Kredi Bank Azerbaijan	108,6
13	Turanbank	107,9
14	Nikoil Bank	104,4
15	Azerbaijan Credit Bank	96,4
16	Bank Respublika	89,7
17	Kapital Bank	89,3
18	Technikabank	86,0
19	AccessBank *	78,9
20	Mughan Bank	77,9
21	Gunaybank	77,3
22	Bank of Baku	73,1
23	AtaBank	61,0
24	Bank Standard	60,7
25	AGBank	53,8
26	Kafkaz Development Bank	51,4
27	Amrahbank	50,1
28	International Bank of Azerbaijan	47,5
29	Kredo Bank	40,2
30	Deka Bank	37,7
31	Azer-Turk Bank	34,5
32	Debut Bank	33,6
33	United Credit Bank	30,3
34	Atrabank	27,9
35	Melli İran Bank, Baku	15,8
36	Gandjabank	14,7
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.