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Pasha Bank sees assets spiked by 66%

08 February 2011 12:30 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Pasha Bankâ€™s assets stood at AZN 509.074 mln, up 6% from year earlier.

Bank says deposit portfolio doubled to AZN 388.601 mln, including term deposit also approximately doubled to AZN 147.080 mln, demand deposit doubled to AZN 191.521 mln, loan portfolio soared 60% to AZN 194.860 mln.

Total capital nearly rose 4.5% to AZN 132.284 mln, as well authorized capital climbed 15.4% to AZN 115.4 mln.

Note that, income gained 44% to AZN40.047 mln, including interest income advanced 39% to AZN 33.842 mln, non-interest income surged 79% to AZN 6.205 mln. At the same time, expenditure grew 75% to AZN 19.045 mln, including interest expenses doubled to AZN 8.745 mln, non-interest expenditure climbed 57% to AZN 10.299 mln. Profit ended up 24% to AZN 20.002 mln, net profit dropped 27% to AZN 11.693 mln.

Remind that Pasha Bank has been in operation since 2007. The bank operates 6 branches and 56 POS-terminals.