5 banks’ equity capital in Azerebaijan exceeds AZN 300 million


March 5, Fineko/abc.az. The authorized capital of 5 out of the 26 banks operating in Azerbaijan exceeded the annual figure as of 1 January 2021.

ABC.AZ reports with reference to the ranking that among them are the International Bank of Azerbaijan (AZN 1.24 bn), Yelo Bank (AZN 378 million), Xalq Bank (AZN 364.77 million), PASHA Bank (AZN 354.5 million) and Bank VTB Azerbaijan (AZN 315.815 million).

The authorized capital of seven of the remaining 21 banks is AZN 100-300 million, 10 banks – AZN 50-100 million, three banks – AZN 50 million, one bank - less than AZN 10 million.