Finance

Finance

Azerbaijan-based banks ranking by authorized capital/assets ratio

31 March 2009 13:49 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. APA-Economics provides rankings of Azerbaijan-based banks 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, in accordance with the available data as at January 1, 2009, banks are ranked in terms of authorized (share) capital/assets ratio, compared to the same period last year. This can be seen as a measure of the capital adequacy.

Banks		Authorized capital/assets
1	Kovser Bank	59,15
2	Melli Ä°ran Bank- Baku branch	50,49
3	Pasha Bank	50,44
4	Bank Avrasiya	44,28
5	Gunay Bank	40,10
6	Birlik Bank	39,37
7	Azerbaijan Credit Bank	37,93
8	United Credit Bank	37,43
9	Kredo Bank	35,17
10	Deka Bank	35,07
11	NBCBank	34,12
12	Gandja Bank	32,35
13	Kafkaz Development Bank	30,92
14	Atrabank	29,63
15	Debut Bank	27,77
16	Azer-Turk Bank	21,84
17	Amrahbank	20,55
18	Turan Bank	19,00
19	Royal Bank	16,59
20	Azerbaijan Industry Bank	16,40
21	Para Bank	15,36
22	Bank of Azerbaijan	13,46
23	Xalg Bank	13,26
24	Mughan Bank	11,91
25	Bank Standard	10,43
26	AccessBank	10,06
27	AtaBank	9,81
28	Rabitabank	9,00
29	YapÄ±Kredi Bank Azerbaijan	8,35
30	Zamin Bank	8,26
31	Nikoil Bank	7,63
32	AGBank	7,10
33	Texnikabank	5,98
34	Azerdemiryolbank	5,96
35	Bank Respublika	5,82
36	International Bank of Azerbaijan	4,34
37	Kapital Bank	4,16
38	Bank of Baku	3,70
39	UniBank	3,59

Only 39 of 46 banks operating in Azerbaijan are ranked in the table because others declined to publicize their financial performance and put forward other types of subjective reasons not to submit figures.
By practice, capital adequacy is more appropriate in a range of around 10% and 20% and this ratio is considered credible enough. As seen in the table, 12 banks rank in this range.