Bank Of Baku

Pasha Bank 60% increases assets year-on-year

Pasha Bank 60% increases assets year-on-year
# 20 April 2010 13:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, Azerbaijan-based Pasha Bank’s assets stood at AZN 333,289 million, up 60.4% from a year earlier.

The bank said loan portfolio increased by 28.8 times to AZN 140.174 million, deposit portfolio rose 84% to AZN 166.326 million. Consumption loans reached AZN 1.078 mln, total capital went up 13% to AZN 128.283 million and authorized capital remained unchanged at AZN 100 million.

Revenues rose 52.9% to AZN 8.849 million and expenditures increased by 2.4 times to AZN 6.839 million. Profit declined 32.7% to AZN 2.010 million.

Pasha Bank has been in operation since 2007. As of April 1, staffs 14.3% increased to 96.
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