15:23 - 27.10.2026

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October 27, Fineko/abc.az. Over Jan-Sept 2026, the net profit of Azerbaijan's largest bank, ABB, was 160-fold higher than the result of TuranBank, which took the last place in the rating.

At that, country's three largest banks accounted for 72.4% of sector's overall profits.

According to banks’ financial statements, for the past 9 months, 21 Azerbaijani banks received a total of 1.81 billion manats of net profit.

Of this amount, 783.2 million manats, or 72.4%, accounted for ABB, Kapital Bank and Pasha Bank. The total profit of the remaining 18 banks amounted to 298.6 million manats.

ABB became the leader in net profit with indicator of 352.4 million manats. Kapital Bank holds the 2nd place, earning 297 million manats.

The combined profit of these two banks reached 649.4 million manats, which is 217 million manats, or 50.2% more than the other 19 banks combined.

Pasha Bank took the 3rd place with net profit of 133.8 million manats and is followed by Bank Respublika (50.3 million manats) and AccessBank (45.2 million manats).

Together, the five largest banks accounted for 878.7 million manats, or 81.2% of the sector's net profit. The remaining 16 banks earned 203.1 million manats - 4.3-fold less.

The profit of eight banks did not reach 10 million manats

Following Jan-Sept 2026, the net profit of eight banks was below 10 million manats.

These include Expressbank with indicator of 9.9 million manats, Yapı Kredi Bank Azərbaycan — 9.2 million manats, Bank VTB (Azərbaycan) — 7.7 million manats.

The net profit of Azərbaycan Sənaye Bankı amounted to 5.4 million manats, Bank Avrasiya — 4 million manats, AFB Bank — 3.6 million manats, Bank Melli Iran — 3.1 million manats, and TuranBank — 2.2 million manats.

The total profit of these eight banks reached 45.1 million manats, or 4.2% of overall profit of the banking sector.

For comparison, Bank Respublika's net profit of 50.3 million manats exceeded the combined result of these eight banks by 5.2 million manats.

Thus, the financial results of the banking sector vary significantly: the majority of profits come from the largest market participants.