5 banks’ assets exceeded AZN 1 bn


May 3, Fineko/abc.az. As of 1 April of this year the assets of 5 out of the 26 banks operating in Azerbaijan exceeded AZN 1 bn.

ABC.AZ reports with reference to the ranking that among them are International Bank of Azerbaijan (AZN 9.155 bn), PASHA Bank (AZN 5.669 bn), Kapital Bank (AZN 5.587 bn), Xalq Bank (AZN 2.13 bn) and Bank Respublika (AZN 1.1 bn).

Of the remaining 21 banks, 7 ones have assets from AZN 500 million up to AZN 1 bn, 13 banks have assets from AZN 100 million up to 500 million manats, and 1 bank has assets of less than AZN 100 million.