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.