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The financial results of 25 banks operating in Azerbaijan for 2022 have been announced.
"APA-Economics" analyzed the results of 2022 based on the banks' reports.
Last year, 18 banks in Azerbaijan achieved more net profit compared to 2021, and 2 banks changed from loss to profit compared to 2021.
3 banks announced that their net profit decreased in 2022, and 1 bank switched from profit to loss.
The ranking of banks according to the dynamics of net profit and loss is exactly as follows:
Banks | 2022 | 2021 | Dynamics |
Bank Melli Iran Baku branch | 1.9 | -2.0 | turned from loss to profit |
Yapı Kredi Bank Azerbaijan JSC | 1,2 | -0.9 | turned from loss to profit |
Azer Turk Bank OJSC | 11.0 | 0.6 | 20 times |
AccessBank JSC | 15.0 | 1.1 | 13.6 times |
Rabitabank OJSC | 11.2 | 2.7 | 4.1 times |
TuranBank OJSC | 1.9 | 0.7 | 2.8 times |
Premium Bank OJSC | 5.5 | 1.9 | 2.8 times |
Bank VTB (Azerbaijan) OJSC | 11.9 | 4.2 | 2.8 times |
Azerbaijan Industrial Bank OJSC | 5.3 | 2.2 | 2.4 times |
Bank Eurasia OJSC | 1.8 | 0.8 | 2.3 times |
Nakhchivanbank OJSC | 13.1 | 6.3 | 2 times |
Capital Bank OJSC | 308.0 | 180.0 | 71.2% |
PASHA Bank OJSC | 149.4 | 90.2 | 65.7% |
Expressbank OJSC | 12.4 | 7.7 | 61.0% |
Bank of Baku OJSC | 36.9 | 23.1 | 59.9% |
Bank Respublika OJSC | 26.7 | 19.5 | 36.5% |
ABB OJSC | 254.4 | 208.8 | 21.8% |
Gunay Bank OJSC | 0.5 | 0.4 | 19.5% |
AFB Bank OJSC | 10.9 | 9.3 | 17.0% |
Ziraat Bank Azerbaijan OJSC | 7.6 | 7.0 | 7.5% |
Xalq Bank OJSC | 27.2 | 27.3 | -0.3% |
Yelo Bank OJSC | 5.2 | 11.7 | -55.4% |
Unibank KB OJSC | 0.6 | 4.7 | -88.1% |
Muganbank OJSC | 0.1 | 1.6 | -96.1% |
Bank BTB OJSC | -5.0 | 0.5 | turned from profit to loss |