Finance

Finance

IBA ranks 34th among CIS banks

01 July 2013 11:17 (UTC +04:00)

Baku. Vahab Rzayev – APA. Azerbaijan has ranked 34^th in the list of the biggest 100 CIS banks prepared by Russian RIA Rating Agency. According to APA-Economics, the rating was prepared on assets as of January 1, 2013 and IBA’s assets stood at $7.5 bln.

In general, the rating was headed by Russian Sberbank with the assets of $ 447.17 bln. Note that rating includes banks representing Azerbaijan, Belarus, Kazakhstan, Georgia, Uzbekistan, Ukraine and Russia. The banks showed in the rating made 81% of total CIS banks.

At the same time, there are misunderstandings in the rating. So, assets of the bank holding the last place made $2.57 bln. But it’s known that, Kapital Bank’s assets were AZN 3.240 bln or $ 4.13 bln. So, Kapital Bank has to hold 59-60^th places. But, RIA Rating experts did not include Kapital Bank in the rating.