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    Profit margins of Azerbaijani banks from cash currency sale - MONITORING

    Finance
    • 17 February, 2017
    • 11:04
    Profit margins of Azerbaijani banks from cash currency sale - MONITORING

    Baku. 17 February. REPORT.AZ/ YapıKredi Bank (Azerbaijan) gets most profit among 32 commercial banks in Azerbaijan from resale of US dollar. Report’s monitoring revealed.

    The bank buys US dollar for 1.6304 AZN, sells for 1.8400 AZN, featuring 20.96 gapik profit per dollar.

    Günaybank seems to get least profit from US dollar sales. Bank’s buying price is 1.7950 AZN, selling price - 1.8350 AZN. Each dollar is sold with 4 gapik profit margin.

    № Commercial banks Cash buying rate
    (AZN/USD)    		 Cash selling rate
    (AZN/USD)    		 Margin (AZN)
    1 Accessbank 1,7300 1,8300 0,1000
    2 AFB Bank 1,7350 1,8600 0,1250
    3 AGBank 1,7300 1,8300 0,1000
    4 Amrahbank 1,7600 1,8200 0,0600
    5 Atabank 1,7400 1,8400 0,1000
    6 International Bank of Azerbaijan 1,7200 1,8500 0,1300
    7 Azerbaijan Industry Bank 1,7500 1,8450 0,0950
    8 Azer-Turk Bank 1,7150 1,8400 0,1250
    9 Bank Eurasia 1,7350 1,8200 0,0850
    10 Bank of Baku 1,7500 1,8500 0,1000
    11 Bank BTB 1,7600 1,8250 0,0650
    12 Bank Respublika 1,7200 1,8200 0,1000
    13 Silkway Bank 1,7350 1,8350 0,1000
    14 Bank VTB (Azerbaijan) 1,7300 1,8400 0,1100
    15 Caspian Development Bank 1,7000 1,8400 0,1400
    16 Demirbank 1,7300 1,8300 0,1000
    17 Expressbank 1,7500 1,8350 0,0850
    18 Gunaybank 1,7950 1,8350 0,0400
    19 Khalq Bank 1,7300 1,8300 0,1000
    20 Kapital Bank 1,7350 1,8300 0,0950
    21 Bank Melli Iran-Baku 1,7400 1,8300 0,0900
    22 Muganbank 1,7250 1,8300 0,1050
    23 Nackchivanbank 1,7100 1,8130 0,1030
    24 NBC Bank 1,7500 1,8200 0,0700
    25 Nikoil Bank 1,7400 1,8300 0,0900
    26 National Bank of Pakistan-Baku 1,7100 1,8200 0,1100
    27 PASHA Bank 1,7350 1,8300 0,0950
    28 Rabitabank 1,7200 1,8200 0,1000
    29 Turanbank 1,7400 1,8300 0,0900
    30 Unibank 1,7352 1,8300 0,0948
    31 YapiKredi Bank (Azerbaijan) 1,6304 1,8400 0,2096
    32 Ziraat Bank Azerbaijan 1,7300 1,8400 0,1100

    Bank of Baku puts highest margin for sale of EURO. Buying price of EURO in this bank is 1.7800 AZN, selling price 2.0400 AZN – margin per EURO is 26 gapik. Günaybank seeks minimum profit also from sale of EURO with 1.9020 buying, 1.9720 selling price and 7 gapik profit margin.

    № Commercial banks Cash buying rate
    (AZN/EUR)    		 Cash selling rate
    (AZN/EUR)    		 Margin (AZN)
    1 Accessbank 1,7781 1,9504 0,1723
    2 AFB Bank 1,8205 1,9855 0,1650
    3 AGBank 1,8466 1,9717 0,1251
    4 Amrahbank 1,8600 1,9600 0,1000
    5 Atabank 1,8500 1,9650 0,1150
    6 International Bank of Azerbaijan 1,7781 1,9819 0,2038
    7 Azerbaijan Industry Bank 1,8300 1,9700 0,1400
    8 Azer-Turk Bank 1,8200 1,9500 0,1300
    9 Bank Eurasia 1,8500 1,9500 0,1000
    10 Bank of Baku 1,7800 2,0400 0,2600
    11 Bank BTB 1,8500 1,9400 0,0900
    12 Bank Respublika 1,8200 1,9420 0,1220
    13 Silkway Bank 1,8520 1,9400 0,0880
    14 Bank VTB (Azerbaijan) 1,8250 1,9260 0,1010
    15 Caspian Development Bank 1,8100 1,9400 0,1300
    16 Demirbank 1,8465 1,9520 0,1055
    17 Expressbank 1,8400 1,9650 0,1250
    18 Gunaybank 1,9020 1,9720 0,0700
    19 Khalq Bank Doesn’t buy Doesn’t sell 0,0000
    20 Kapital Bank 1,8510 1,9580 0,1070
    21 Bank Melli Iran-Baku 1,8300 1,9500 0,1200
    22 Muganbank 1,7940 1,9260 0,1320
    23 Nackchivanbank 1,8150 1,9200 0,1050
    24 NBC Bank 1,8300 1,9300 0,1000
    25 Nikoil Bank 1,8300 1,9500 0,1200
    26 National Bank of Pakistan-Baku 1,7800 1,9100 0,1300
    27 PASHA Bank 1,8420 1,9535 0,1115
    28 Rabitabank 1,7870 1,9350 0,1480
    29 Turanbank 1,8550 1,9650 0,1100
    30 Unibank 1,8059 1,9263 0,1204
    31 YapiKredi Bank (Azerbaijan) 1,7403 1,9641 0,2238
    32 Ziraat Bank Azerbaijan 1,8400 1,9300 0,0900

    Notably, above rates were actual today at 12:30-13:00 local time. 

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