Finance

Home page

Finance

Azerbaijan-based banks ranking by rise in staff salary

18 November 2008 07:35 (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 the annual increase in average staff salary (compared to October 1, 2007) in accordance with the available data as of October 1, 2008.

Banks		Rise (%)
1	Kredo Bank	172,3
2	Gunaybank	105,0
3	Birlik Bank	100,0
4	Royal Bank of Baku	75,8
5	Azerbaijan Industry Bank	72,2
6	Bank of Azerbaijan	69,1
7	Rabitabank	50,6
8	United Credit Bank	50,0
9	Amrahbank	34,6
10	Melli İran Bankı Bakı	24,4
11	Debut Bank	20,0
12	Azərbaycan Kredit Bankı	14,5
13	Kapital Bank	13,9
14	Atrabank	12,0
15	Gandjabank	9,2
16	YapıKredi Bank Azerbaijan	6,9
17	Bank of Baku	-
18	Xalg Bank	-
19	Nikoil Bank	-
20	Azerdemiryolbank	-
21	AGBank	-
22	AccessBank *	-
23	Bank Respublika	-
24	AtaBank	-
25	Zamin Bank	-
26	Technikabank	-
27	International Bank of Azerbaijan	-
28	Bank Standard	-
29	Mughan Bank	-
30	Turanbank	-
31	Para Bank	-
32	UniBank	-
33	Azer-Turk Bank	-
34	NBCBank	-
35	Kafkaz Development Bank	-
36	Deka 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.
22 banks declined to release figures.