Finance

Home page

Finance

Azerbaijan-based banks ranking by profit growth rate

13 November 2008 13:59 (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 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.