Bank Of Baku

Parabank sees 14% rise in assets

Parabank sees 14% rise in assets
# 02 July 2010 13:47 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of June 1, 2010, Azerbaijan-based Parabank’s assets stood at AZN 100.572 mln, up 14% from year earlier.

Bank says, loan portfolio rose by 16% to AZN 68.457 mln, consumer lending made AZN 36 876 mln.

Deposit portfolio soared 6% to AZN 59.795 mln, individuals’ deposits increased by 6.85% to AZN 53.730 mln.

Total capital surged 16.3% to AZN 13.288 mln, total revenue ended up 45.8% at AZN 7.404 mln. Number of plastic cards passed 3 697. Number of ATMs reached 13, POS-terminals 125.

Owned by 23 individuals Parabank has been in operation since 1991. Bank operates 15 branches across the country.
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