Baku. 21 December. REPORT.AZ/ Analytical Group of Report News Agency has prepared a ranking of banks on transparency, as well the the table of indexes disclosed by the banks based in Azerbaijan.
The survey of Report shows the financial performance on October 1, 2015, which was attended by 20 banks. Other banks hid their records from the public.
So, all 46 questions of questionnaires fully answered only by Rabitabank. The top ten banks in the survey have shown transparency are Express Bank, Parabank, Atrabank, Zaminbank, Demirbank, Gunaybank, Muganbank, Turanbank and Pasha Bank. At the same time, Bank of Baku, Kapital Bank disclosed information on financial performance for 6-7 indexes.
Notably, the banks have disclosed the amount of the loan and deposit portfolio, but tried to hide their structure.
The table below shows the ranking of banks on transparency, as well the the table of indexes disclosed by the banks:
|Banks||Transparency (for 46 indications)|
|Caucasian Development Bank||19|
|Pakistan National Bank||17|
|Bank Melli Iran-Baku||15|
|Bank of Baku||7|
|YapiKredi Bank Azerbaijan||0|
|International Bank of Azerbaijan||0|
|Ziraat Bank Azerbaijan||0|
|Caspian Development Bank||0|
|United Credit Bank||0|
|Bank of Azerbaijan||0|
|Loans to financial institutions||10|
|Number of active cards||9|