Bank Of Baku

Pasha Bank’s financial indexations expected to be increased this year

Pasha Bank’s financial indexations expected to be increased this year
# 28 February 2011 09:05 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Pasha Bank intends to increase the assets by 24% to AZN 630 mln in 2011, director of financial management department Shahin Mammadov told APA.

According to him, other financial indexations are also expected to be increased. Thus, the deposit portfolio is planned to be increased by 18% to AZN 400 mln, portfolio on financing of trade by 76% to AZN 65 mln, portfolio on financing of corporate customers to be reached AZM 310 mln.

Profit is expected to be rise 30% to AZN 16 mln. Besides, the capital adequacy is forecasted to be 20-21%.

Remind that, Pasha Bank has been in operation since 2007. The bank operates 6 ATMs and 56 POS-terminals across the country.
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