Azerbaijan-based banks ranking by profit growth rate

Azerbaijan-based banks ranking by profit growth rate
# 13 November 2008 13:59 (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 profit growth rate (compared to January-September last year) in accordance with the available data as of October 1, 2008.

Banks

Annual rise (%)

1

Bank of Baku

252,9

2

Azerdemiryolbank

252,2

3

AccessBank *

206,0

4

Royal Bank of Baku

199,8

5

Bank Respublika

192,0

6

AGBank

173,5

7

Technikabank

151,3

8

Bank Standard

141,4

9

Azerbaijan Industry Bank

118,9

10

Nikoil Bank

107,1

11

AtaBank

64,5

12

Rabitabank

60,9

13

Mughan Bank

55,3

14

International Bank of Azerbaijan

53,4

15

Azer-Turk Bank

48,1

16

Debut Bank

38,0

17

UniBank

29,7

18

NBCBank

26,7

19

Yapı Kredi Bank Azerbaijan

21,1

20

Deka Bank

10,2

21

Kredo Bank

8,4

22

Zamin Bank

- 0,2

23

Kapital Bank

- 3,7

24

Melli İran Bank, Baku

- 6,5

25

Turan Bank

- 8,7

26

Amrahbank

- 14,0

27

Bank of Azerbaijan

- 31,1

28

Atrabank

- 55,0

29

Birlik Bank

- 78,0

30

Gunay Bank

- 89,8

31

Azerbaijan Credit Bank

- 97,8

32

Para Bank

-

33

Xalg Bank

-

34

United Credit Bank

-

35

Gandja Bank

-

36

Kafkaz development Bank

-

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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