Finance

Azerbaijan sees decline in number of banks operating in loss - RESEARCH

29 September 2014 14:27 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. Compared to the first quarter of 2014, the number of banks operating in loss decreased in the second quarter.

Central Bank of Azerbaijan told APA-Economics that 11 banks operated in loss in the first quarter. In the second quarter, 8 banks operated in loss.

Table 1

Banks

1st quarter

Profit-loss

(mln. AZN)

2nd quarter

profit-loss

(mln. AZN)

1	Kredobank	-1.864	0.518
2	Bank Avrasiya	- 1.356	0.332

6 of 38 banks, which released indices, operated in loss during the second quarter, 32 – in profit. 5 banks did not release indices.

Table 2

Banks		Profit (mln. AZN)
1	International Bank of Azerbaijan	29.656
2	Kapital Bank	25.729
3	AccessBank	22.558
4	Unibank	14.080
5	Bank of Baku	13.739
6	Zaminbank	6.847
7	PASHA Bank	6.656
8	Exspressbank	6.362
9	Bank Respublika	6.316
10	Bank Silk Way	5.854
11	AtaBank	5.549
12	Bank BTB	5.156
13	Kavkaz Development Bank	4.132
14	TuranBank	3.601
15	MuganBank	3.536
16	YapiKredi Bank Azerbaijan	3.517
17	AFB Bank	3.473
18	Demirbank	3.269
19	AGBank	3.257
20	Amrahbank	2.985
21	Bank VTB (Azerbaijan)	2.520
22	Bank Nikoil	2.380
23	RabitaBank	2.153
24	United Credit Bank	1.776
25	Azerbaijan Credit Bank	1.738
26	Azer-Türk Bank	0.975
27	Gencebank	0.640
28	Kredobank	0.518
29	Parabank	0.508
30	Bank Avrasiya	0.332
31	Bank Technique	0.290
32	Atrabank	0.051

8 banks operated in loss during the second quarter.

Table 3