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Pasha Bank sees 38% rise in assets

15 July 2010 10:54 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2010, Azerbaijan-based Pasha Bankâ€™s assets stood at AZN 340.720 mln, up 38% compared with a year ago.

Bank says the deposit portfolio rose by 46.40% to AZN 166.084 mln, loan portfolio surged by 2.3 times to AZN 181.716 mln, consumer lending increased by 3.3 times to AZN 2.051 mln.

Total capital soared 14% to AZN 132.173 mln, authorized capital climbed 15.45 to AZN 115.4 mln.

The income ended up 55.5% to AZN 19.264 mln, expenditure doubled to AZN 12.833 mln. Bankâ€™s profit gained 7% to AZN 6.431 mln.

Pasha Bank has been in operation since 2007. Bankâ€™s staffs rose by 11% to 100.