Bank Of Baku

Parabank sees growth in finance indexation year-on-year

Parabank sees growth in finance indexation year-on-year
# 28 April 2010 14:40 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Parabank’s assets stood at AZN 94.993 mln, up by 33% compared with a year ago.

Bank says, deposit portfolio rose by 51.8% to AZN 58.154 mln, population’s deposit 48% increased to AZN 53.756 mln. Loan portfolio grew by 40% to AZN 64.721 mln, consumption loans soared by 2.7 times to AZN 34.386 mln. Total capital rose by 15.1% to AZN 13.134 mln, authorized capital 15% increased to AZN 15.570 mln.

Revenue grew by 45.8% to AZN 4.303 mln, expenditure rose by 37% to AZN 3.999 mln. Profit climbed by 10 times to AZN 0.304 mln.

Staffs rose by 19.4% to 387, average monthly salary 2.6% increased to AZN 437.

Owned by 23 individual persons Parabank has been in operation since 1991. The bank operates 15 branches, 10 ATMs and 127 POS-terminals across the country.
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