Billion-manat deposit clubs in Azerbaijan’s banking sector

In the Azerbaijani banking sector, significant differences are observed in the volume of the deposit portfolio among banks. While nine banks in the country have a deposit portfolio exceeding 1 billion manat, some banks have a portfolio below 100 million manat.

The top three banks in this category are:

1. “Kapital Bank” OJSC – 8 billion 671 million manat

2. “Azerbaijan International Bank” (ABB) OJSC – 8 billion 627 million manat

3. “PASHA Bank” OJSC – 6 billion 766 million manat

These three banks concentrate the main portion of market deposits.

The other members of the “Billionaires Club” are:

• “Xalq Bank” OJSC – 1 billion 843 million manat

• “Bank Respublika” OJSC – 1 billion 515 million manat

• “Unibank CB” OJSC – 1 billion 232 million manat

• “Azer Turk Bank” OJSC – 1 billion 188 million manat

• “AccessBank” CJSC – 1 billion 45 million manat

• “Yelo Bank” OJSC – 1 billion 40 million manat

According to the data, 11 banks have a deposit portfolio above 100 million manat but below 1 billion manat. The highest indicators in this group belong to “Rabitəbank” OJSC (793 million manat), “Bank of Baku” OJSC (699 million manat), and “Ziraat Bank Azerbaijan” OJSC (629 million manat).

Only two banks have a deposit portfolio below 100 million manat. These are “Bank Avrasiya” OJSC (61 million manat) and “Bank Melli Iran” Baku branch (36 million manat).

Fed.az