Azerbaijan-based banks ranking by expenditure growth rate

Azerbaijan-based banks ranking by expenditure growth rate
# 13 November 2008 13:25 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. APA-Economics provides ranking of Azerbaijan-based bank organizations for their various figures and financial performance.
The project aims to highlight banks’ 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.
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THE OPERATION IS BEING PERFORMED