Bank Of Baku

Parabank gets 45% rise in assets

Parabank gets 45% rise in assets
# 02 November 2010 07:27 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Parabank’s assets stood at AZN 107.689 mln, up 45% compared with a year ago.

Bank says the deposit portfolio extended 31% to AZN 61.394 mln, population’s deposit rose 36% to AZN 57.756. Loan portfolio increased by 53% to AZN 73.353 mln, consumer lending by 42% to AZN 40.272 mln. Total capital gained 19% to settle at AZN 14.008 mln, authorized capital climbed 15% to AZN 11.570 mln.

Income ended up 44% to AZN 13.884 mln, expenditure soared 38% to AZN 12.785 mln. Profit rose by 3.1 times to AZN 1.099 mln.

Staffs surged 30% to AZN 426, average monthly salary raised 3.8% to AZN 489.

Owned by 23 individuals Parabank has been in existence 1991. The bank operates 16 branches, 17 ATMs and 140 POS-terminals across the country.
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