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Pasha Bank increased profit by 50% during Last year

30 June 2010 11:15 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Pasha Bank held a conference about the results of financial activities of 2009 and future plans of the bank, today.

Board of Chairman of Directors Farid Akhundov said that, the global financial crisis did not have impact on the economy of Azerbaijan.

Then, the official of the bank, Shahin Mammadov spoke about the financial indexes for the end of 2009. According to him, the assets reached AZN 306.433 mln, up 55% from 2008. Bankâ€™s loan portfolio rose by 2.6 times to AZN 122.080 mln. Net profit increased by 49% to AZN 16.059.

THe non-interest incomes rose by 2.3 times to AZN 2.639 mln, interest incomes stood at AZN 24.384 mln.

Total capital was AZN 126.570 mln.

Pasha Bank has been in operation since 2007. As of April 1, 2010, bankâ€™s assets was AZN 333.289 mln, deposit portfolio â€“ AZN 166.326, loan portfolio â€“ AZN 140.174 mln, total capital â€“ AZN 128.283 mln.