16:07 - 25.06.2023

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June 25, Fineko/abc.az. Forbes decided to prepare a list of 50 financial organizations of those countries where Russians have been massively relocated - Azerbaijan, Kazakhstan, Georgia, Uzbekistan and Armenia.

ABC.AZ reports that the countries are represented in the list by 10 banks each.

Azerbaijan is represented in this list by ABB (IBA), Kapital Bank, Bank Respublika, PASHA Bank, Xalq Bank, Accessbank, ATB (Azeri Türk Bank), Rabita Bank and Yelo Bank. At that, Azerbaijan is represented by 11 banks in this list. As PASHA Bank Georgia, which occupies the 50th place in the list and is presented as a bank of Georgia, is actually a bank with Azerbaijani capital and belongs to Azerbaijan’s PASHA Bank.

The first 11 places in the list are occupied by large banks of Kazakhstan, Uzbekistan and Georgia, and the 12th is ABB, the leader of the banking sector of Azerbaijan.