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Pasha Bank posts double rise in profit

Pasha Bank posts double rise in profit

08 February 2010 11:50 (UTC +04:00)

Baku. Elnur Huseynguliyev-APA-Economics. As at January 1, Azerbaijan-based Pasha Bankâ€™s assets stood at AZN 308.376 million, up 55.5% from a year ago.

The bankâ€™s loan portfolio rose 2.7 times to AZN 121.713 million, deposit portfolio increased by 87.6% to AZN 154.478 million, total capital grew by 14.9% to AZN 125.998 million and authorized capital remained unchanged at AZN 100 million. Consumer lending reached AZN 0.909 million.

Over the past 1 year, revenues increased 18.6% to AZN 24.381 million and expenditures decreased by 61.6% to AZN 4.346 million. Profit increased 2.2 times AZN 20.034 million.

Pasha Bank, owned by pasha Holding Group, has been in operation since November 2007. As of January 1, 2010, the number of bankâ€™s employees increased by 50% to 93.

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