Azerbaijan-based banks ranking for profit growth rate

Azerbaijan-based banks ranking for profit growth rate
# 05 December 2012 12:52 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. APA-ECONOMICS provides ranking of Azerbaijan-based banks 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, banks are ranked for profit growth rate with the available data as of October 1, 2012.

Banks

Annual growth, %

1

Bank of Azerbaijan

1 212.37

2

NBC Bank

406.43

3

Xalq Bank

319.72

4

Unibank

180.46

5

Azerbaijan Industry Bank

175.14

6

SW Bank

134.78

7

IBAR

124.64

8

Atabank

98.39

9

Kredobank

57.45

10

Mugan Bank

57.27

11

AGBank

55.95

12

Demirbank

48.41

13

Bank Nikoil

45.72

14

Azer-Turk Bank

34.86

15

Expressbank

27.73

16

Kavkaz Development Bank

21.19

17

Access Bank

9.43

18

Parabank

-7.56

19

Turanbank

-7.89

20

YapiKredi Bank Azerbaijan

-14.14

21

Deka Bank

-26.76

22

Gunaybank

-124.80

23

Gandjabank**

-

24

Rabitabank**

-

25

Bank Avrasiya**

-

26

VTB Azerbaijan**

-

27

PASHA Bank*

-

28

Bank Standard*

-

29

Kapital Bank*

-

30

Bank Respublika*

-

31

Atrabank*

-

32

Bank of Baku*

-

33

Bank Technique*

-

34

United Credit Bank*

-

35

Amrahbank*

-

36

Zamin Bank*

-

37

Azerbaijan Credit Bank*

-

38

AFB Bank*

-

39

National Bank of Pakistan – Baku*

-

40

Bank Melli Iran – Baku*

-

41

BTB Bank*

-

42

Euro Bank*

-

43

Nakhchivanbank*

-

*These banks did not release indexes.

**Gandjabank resulted 9 months of 2012 with AZN 450,000 loss, got AZN 3,000-profit;

Rabitabank’s profit in 9 months made AZN 527,000, loss – AZN 884,000;

Bank Avrasiya’s profit in 9 months made AZN 822,000, loss – AZN 344,000;

«VTB Azerbaijan’s loss in 9 months of 2012 made AZN 1,812 thousand, while it was AZN 2,389 thousand in 2011;

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THE OPERATION IS BEING PERFORMED