Azerbaijan-based banks ranking by rise in the number of branches

Azerbaijan-based banks ranking by rise in the number of branches
# 14 November 2008 12:49 (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 the annual increase in the number of their branches (compared to October 1, 2007) in accordance with the available data as of October 1, 2008.

Banks

Annual increase
(By units)

1

Royal Bank of Baku

22

2

UniBank

13

3

Bank Respublika

8

4

Mughan Bank

7

5

Bank Standard

5

6

Technikabank

5

7

AccessBank *

5

8

Rabitabank

4

9

Amrahbank

4

10

Xalg Bank

3

11

Zamin Bank

3

12

Nikoil Bank

3

13

AtaBank

3

14

Azerbaijan Industry Bank

3

15

Parabank

3

16

Atrabank

3

17

Azerdemiryolbank

2

18

Bank of Azerbaijan

2

19

NBCBank

2

20

Bank of Baku

1

21

Azer-Turk Bank

1

22

Debut Bank

1

23

Gandjabank

1

24

International Bank of Azerbaijan

0

25

YapıKredi Bank Azerbaijan

0

26

Kapital Bank

0

27

Turanbank

0

28

Birlik Bank

0

29

United Credit Bank

0

30

Kredo Bank

0

31

Deka Bank

0

32

Gunaybank

0

33

Kafkaz Development Bank

0

34

AGBank

-

35

Azerbaijan Credit Bank

-

36

Melli İran Bank, Baku

-

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.


Only 38 of 45 banks operating in Azerbaijan are ranked in the table because others reject relations with media, declined to publicize their financial performance and put forward other types of subjective reasons not to submit figures.
9 banks didn’t establish new branches over the past one year and 6 banks have no branch at all.
Melli İran Bank Baku is in the status of branch itself. AGBank didn’t released information about its branches.
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THE OPERATION IS BEING PERFORMED