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Pasha Bank gets 2.6 times year-on-year rise in deposit portfolio

Pasha Bank gets 2.6 times year-on-year rise in deposit portfolio

23 April 2009 10:48 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of April 1, Azerbaijan-base Paha Bank posted its assets at AZN 207.817 million, up 2.2 times on a year ago.

The bank said deposit portfolio jumped by 2.6 times to AZN 90.429 million while loan portfolio contracted by 4.6 times to AZN 4.853 million. Consumer lending shrank by 63.7% to AZN 663 000.

Total equity capital nearly doubled to AZN 113.512 million and authorized caqpital stock grew by 72.4% to AZN 100 million.

As against the previous year, revenue rose by 2.6 times to AZN 5.786 million and expenditure increased by 3.3 times to AZN 2.801 million.

Profit jumped by 2.1 times to AZN 2.985 million.

Pasha Bank has been in operation since November 2007.

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