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Azerbaijan banking system

  


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The work of the banking system in Azerbaijan Republic is regulated by the Law “On the Banks”. 
According to the legislation, the banking system of the country has two stages- Azerbaijan Republic Central Bank and the credit organizations.
The Central Bank representing the main stage is the central bank of the country and its work is regulated by the Constitution of Azerbaijan Republic, the law “On the Central Bank of Azerbaijan Republic”, Civil Code, and other normative legal acts. In accordance with the law, the Central Bank regulates and licenses the work of the banks an exercises control over the banking operations in the form defined by the legislation. 
The second stage of the banking system consists of the credit organizations. The work of credit organizations is regulated by the Constitution of Azerbaijan Republic, the law “On the banks”, Civil Code, the legislations “On the Central Bank of Azerbaijan Republic”, “On the non-bank credit organizations”, and “On the credit unions”, and other normative and legal acts.
The development rate of the bank sector may be defined with the proportion of the total assets to the GDP. The calculations of the experts show that the share of total assets in the GDP is not more than 5% in the economically less developed countries. In Azerbaijan, the share of total assets in the GDP is equal to 32% in the bank sector.
In 2010, the total assets of the banks were equal to 13290.81 million AZN. On average, the assests of one bank was nearly 295.35 million AZN.
The consentration level in the banking system of the country is 60.7%. The total assests of 5 banks (International Bank, Capital Bank, Bank Stardard, Popular Bank, and Pashabank) comprise 60.7% of all the assets. 39.2% of the authorized capital, 61.9% of the deposits, 58.2% of the credit portfolio of the banks belong to these 5 banks in the country. 
The only state bank in the banking system is International Bank. 41.6% of the assets belong to this bank. The bank exercises control on 41% of the credit portfolio, 36% of the deposits. 
The market share of the remaining 20 banks is less than 5%. The total assets of these banks are 639 million AZN, on average the assets of each bank is equal to 32 million AZN. 8.3% of the credit portfolios and 2.5% of the deposits are in the share of these banks. On average, the credit portfolio of each bank is 38 million AZN and deposit portfolio 6.9 million AZN. 
The official sources report that there are 44 bank in the country in April 1, 2011. 1 of them is state, 43 private banks. 22 of the private banks are based on the foreign capital. 

Banks

Amount of the assets

Amount of the authorized capital

Amount of the deposits

Total amount of the credit portfolio

1.    

Azerbaijan International Bank OJSC

5527,917

240,000

1972,780

3760,812

2.    

Capital Bank OJSC

781,936

30,000

291,196

508,341

3.    

Popular Bank OJSC

650,790

72,828

445,871

494,716

4.    

Bank Standard CJSC KB

601,755

75,000

323,601

374,700

5.    

Pasha Bank OJSC

509,074

115,407

338,601

194,860

6.    

Texnikabank OJSC

506,014

53,685

255,747

364,335

7.    

Access Bank CJSC

373,020

41,800

91,189

271,821

8.    

Unibank OJSC

354,937

42,027

167,951

237,250

9.    

Demirbank OJSC

340,381

20,000

145,828

246,172

10.  

Bank of Republic OJSC

257,387

37,459

115,387

157,855

 

11.  

SilkWay Bank OJSC

250,987

32,190

11,565

226,135

12.  

AGBank OJSC

249,209

18,557

127,667

193,835

13.  

Bank of Baku OJSC

245,126

12,852

153,113

185,322

14.  

Zamin Bank OJSC

242,791

20,722

55,661

154,285

15.  

AtaBank OJSC

217,854

25,000

143,267

106,159

16.  

Mugan Bank OJSC

208,675

20,000

82,358

135,271

17.  

YapıKredi Bank Azerbaijan CJSC

206,877

31,611

63,375

69,692

18.  

AFB Bank OJSC

183 749 251

42 343 838

7 526 716

130 737 867

19.  

Royal Bank OJSC

173,734

22,139

75,485

125,063

20.  

Bank of Azerbaijan OJSC

146,861

23,500

66,795

133,916

21.  

Expressbank OJSC

135,153

51,000

74,291

49,371

22.  

Turanbank OJSC

131,456

20,000

44,195

103,966

23.  

Azerbaijan Industry Bank OJSC

129,950

22,114

97,248

72,039

24.  

Rabitəbank OJSC

121,821

10,103

102,840

85,447

25.  

Bank Nikoil OJSC

178,328

22,500

65,545

149,804

 

26.  

Parabank OJSC

108,638

11,570

63,775

73,418

27.  

Kredo Bank OJSC

83,617

15,540

11,139

65,240

28.  

Amrahbank OJSC

78,656

14,387

43,754

48,026

29.  

Azer-Turk Bank OJSC

61,329

10,991

31,758

30,142

30.  

Bank Eurasia OJSC

60,189

20,000

32,657

20,288

31.  

Melli İran Bank-Baku

53,519

14,631

4,380

9,946

32.  

NBCBank OJSC

47,829

16,071

11,987

42,758

33.  

United Credit Bank OJSC

44,880

12,108

16,281

32,660

34.  

Deka Bank OJSC

44,043

12,439

17,166

38,642

35.  

Gəncəbank SKB

41,808

15,000

3,108

29,202

36.  

Atrabank OJSC

39,669

10,425

9,437

28,319

37.  

Caucasus Development Bank OJSC

33,514

10,000

3,151

28,780

38.  

Gunaybank OJSC

33,028

13,024

7,663

27,990

39.  

VTB Azerbaijan OJSC

26,790

23,815

2,918

15,271

40.  

BTB Bank OJSC

24,881

12,239

m/y

m/y

41.  

National Bank of Pakistan – Baku

11,133

10,163

m/y

m/y

42.  

Bank of Union OJSC

m/y

m/y

m/y

m/y

43.  

Azerbaijan Bank of Credit OJSC

m/y

m/y

m/y

m/y

44.  

Eurobank OJSC

m/y

m/y

m/y

m/y

45.   

Nakhchivanbank  OJSC

m/y

m/y

m/y

m/y

 

 

On the largest 5 banks:

8071,472

533,235

3372,049

5333,429

 

Share in the total figures, %:

60,7

39,2

61,9

58,2

 

 

On the largest 10 banks:

9903,211

728,206

4148,151

6610,862

 

Share in the total figures, %:

74,5

53,6

76,1

72,1

 

 

On the largest 25 banks:

12652.15

1087,044

5340,503*

8443,773*

 

Share in the total figures, %:

95,2

79,9

98*

92,2*

 

 

TOTAL:

13290,810

1359,438

5448,800

9163,400


* - this indicator does not include the indicators of AFB Bank OJSC.



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