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Azerbaijan-based 13 banks sees rise in number of branches

30 September 2014 13:42 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. Compared to the first quarter of 2014, 13 from Azerbaijan-based 44 banks increased number of branches, 26 banks retained unchanged, 1 bank decreased and 3 did not release regarding indices.

APA-Econmics provides ranking of 40 banks for their branches.

Bank Technique shut down three branches during past three months and number of branches made 29.

Kapital Bank ranked at 1^st for increase of branches. It launched 7 branches in April-June. Second place was held by Muganbank with launch of 5 branches. Amrahbank ranked at 3^rdwith 4 branches.

Table 1

Banks		Number of branches launched in the 2^nd quarter	Number of branches as of the 2^nd quarter
1	Kapital Bank	7	100
2	MuganBank	5	38
3	Amrahbank	4	23
4	Unibank	2	38
5	RabiteBank	2	24
6	Ganjabank	2	5
7	Demirbank	1	33
8	Xalq Bank	1	25
9	Bank Nikoil	1	19
10	TuranBank	1	13
11	DekaBank	1	7
12	Bank VTB (Azerbaijan)	1	6
13	Bank Silk Way	1	6

26 banks retained number of branches unchanged.

Table 2

Banks with no increase in branches		Number of branches
1	AccessBank	42
2	Zaminbank	38
3	International Bank of Azerbaijan	35
4	Bank Respublika	32
5	AtaBank	25
6	Bank of Baku	24
7	AGBank	18
8	Kredobank	16
9	Exspressbank	16
10	Parabank	16
11	AFB Bank	14
12	Bank Standard	13
13	Atrabank	13
14	YapiKredi Bank Azerbaijan	13
15	Bank BTB	10
16	United Credit Bank	6
17	Azer-Turk Bank	4
18	Kavkaz development Bank	3
19	Nakhchivanbank	1
20	Bank Avrasiya	1
21	Gunay Bank	1
22	National Bank of Pakistan	0
23	Bank Melli Iran	0
24	PASHA Bank	0
25	Eurobank	0
26	Azerbaijan Credit Bank	0