Finance

Finance

Azerbaijan-based banks ranking by profit growth rate

19 March 2009 15:51 (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 in 2008 (compared to a year ago) in accordance with the available data as of January 1, 2009.

Banks		Annual growth (%)
1	Rabitabank	479,09
2	Kevser Bank	303,80
3	Bank of Baku	204,50
4	Gunay Bank	170,45
5	AtaBank	96,27
6	Amrahbank	95,35
7	UniBank	84,11
8	Gəncə Bank	81,54
9	Bank Respublika	78,57
10	Bank Standard	78,10
11	AGBank	75,50
12	YapıKredi Bank Azerbaijan	66,23
13	International Bank of Azerbaijan	63,64
14	Azerdemiryolbank	61,00
15	Deka Bank	43,60
16	Azer-Turk Bank	40,18
17	Texnikabank	18,71
18	NBCBank	7,00
19	Mughan Bank	(- 0,43)
20	Turan Bank	(- 5,48)
21	Azerbaijan Industry Bank	(- 7,78)
22	Nikoil Bank	(- 9,15)
23	Azerbaijan Credit Bank	(- 14,45)
24	Melli İran Bank- Baku	(- 15,80)
25	Kapital Bank	(- 25,33)
26	United Credit Bank	(- 25,94)
27	Royal Bank	(- 31,77)
28	Kredo Bank	(- 47,44)
29	Xalg Bank	(- 56,6)
30	Atrabank	(- 59,32)
31	AccessBank	(- 74,83)
32	Zamin Bank	(- 79,44)
33	Bank of Azerbaijan	(- 87,71)
34	Debut Bank	-
35	Bank Avrasiya	-
36	Kafkaz Development Bank	-
37	Pasha Bank	-
38	Birlik Bank	-
39	Para Bank	-

Banks such as Kafkaz Development Bank, Para Bank and Birlik Bank made a total loss of AZN 1 123 760 in 2008. Pasha Bank, Bank Avrasiya and Debut Bank made a total profit of AZN 9 354 460 while they made a loss in 2007. This canâ€™t be compared in the ranking.