Bank Of Baku

Parabank gets 38% rise in assets

Parabank gets 38% rise in assets
# 30 August 2010 12:02 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based Parabank’s assets stood at AZN 102.942 mln, up 38% compared with a year ago.

Bank says the depost portfolio extended 39% to AZN 59.651 mln, population’s deposit settled 34% higher at AZN 54.431 mln, loan portfolio rose by 43% to AZN 69.093 mln, consumer lending soared 25% to AZN 35.828 mln. Total capital sirged 17% to AZN 13.420 mln, authorized capital went up15% to AZN 15.570 mln.

Income climbed 45% to AZN 8.961 mln, expenditure gained 39% to AZN 8.384 mln. Profit increased by 4.2 times to AZN 0.577 mln.

Staffs rose by 32% to 396, average monthly salary expanded 1.4% to AZN 445.

Parabank has been in operation since 1991. The bank operates 15 branches, 17 ATMs and 125 POS-terminals across the country.
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