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Pasha Bank to increase finance indexation this year

Pasha Bank to increase finance indexation this year

01 July 2010 11:20 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Pasha Bank is expected to increase the assets by 43% to AZN 440 mln, during 2010, in accordance of bankâ€™s strategical plan for 2009-2011, director of the financial management department of the bank Shahin Mammadov informed.

According to him, the bank is expected to increase its loan portfolio by 64% to AZN 200 mln, deposit portfolio by 60% to AZN 250 mln, during the 2010. Besides, the bank plans to raise the profits 46% to AZN 35 mln, net profit 15-20% to AZN 20 mln.

S. Mammasov says, authorized capital will be extended AZN 35 mln or 30% to AZN 150 mln, by the end of 2011.

Pasha Bank has been in operation since 2007.

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