Banks operating in Azerbaijan announced their financial reports for the first quarter of 2023.

"APA-Economics" informs that the loan portfolio of 18 banks increased in the first quarter of this year compared to the end of last year, while the portfolio of 7 banks decreased.

In terms of absolute dynamics, the largest increase in the loan portfolio was recorded in "Kapital Bank", and the largest decrease was recorded in "Muganbank".

The ranking of banks according to the dynamics of the loan portfolio is exactly as follows:

Banks

IR/2023


Relative dynamics/Quarterly

IR/2023


Absolute dynamics/Quarterly

million AZN

Capital Bank OJSC

2%

67,24

AccessBank JSC

8%

64,36

ABB OJSC

2%

64,25

Unibank KB OJSC

6%

50.98

Azer Turk Bank OJSC

14%

45.78

Xalq Bank OJSC

2%

34,29

Premium Bank OJSC

7%

31.78

PASHA Bank OJSC

1%

25.73

Rabitabank OJSC

4%

22.05

Bank Respublika OJSC

2.1%

19.94

Yelo Bank OJSC

3%

17.81

TuranBank OJSC

2.0%

10.84

Ziraat Bank Azerbaijan OJSC

3%

8.90

Bank VTB (Azerbaijan) OJSC

5%

8,14

Bank of Baku OJSC

1%

6.05

Bank Eurasia OJSC

3%

3.99

Expressbank OJSC

1%

2.44

Nakhchivanbank OJSC

0%

0.05

Bank Melli Iran Baku branch

-11%

-1.02

Bank BTB OJSC

-1%

-1.46

Yapı Kredi Bank Azerbaijan JSC

-1%

-1.70

Gunay Bank OJSC

-1%

-2.85

Azerbaijan Industrial Bank OJSC

-1%

-3.49

AFB Bank OJSC

-2%

-4.02

Muganbank OJSC

-7%

-30.73