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Azerbaijan-based banks ranked in terms of share capital

19 February 2009 14:49 (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 their authorized capital in accordance with the available data as of January 1, 2009.

Banks		Authorized capital (AZN million)
1	International Bank of Azerbaijan	189,74
2	Pasha Bank	100,00
3	Bank Standard	64,56
4	Xalg Bank	53,55
5	Texchnikabank	26,91
6	Kapital Bank	24,00
7	Bank Respublika	22,58
8	Nikoil Bank	22,50
9	Bank Avrasiya	20,00
10	AccessBank	20,00
11	Royal Bank	16,91
12	Turan Bank	16,00
13	Birlik Bank	16,00
14	AtaBank	15,00
15	UniBank	15,00
16	AGBank	15,00
17	Bank of Azerbaijan	14,64
18	YapıKredi Bank Azerbaijan	14,50
19	NBCBank	13,59
20	Azerdemiryolbank	13,40
21	Kredo Bank	13,04
22	Amrahbank	12,82
23	Azerbaijan Industry Bank	12,80
24	United Credit Bank	12,11
25	Mughan Bank	12,00
26	Zamin Bank	11,20
27	Gunay Bank	10,89
28	Atrabank	10,43
29	Azerbaijan Credit Bank	10,21
30	Kovser Bank	10,20
31	Para Bank	10,07
32	Melli Iran Bank – Baku branch	10,00
33	Kafkaz Development Bank	10,00
34	Azer-Turk Bank	10,00
35	Gandjabank	10,00
36	Deka Bank	9,59
37	Debut Bank	8,75
38	Rabitabank	8,50
39	Bank of Baku	6,80

Only 39 of 46 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.