Bank Of Baku

Pasha bank increase capital to stock market by 86%

Pasha bank increase capital to stock market by 86%
# 05 March 2011 10:16 (UTC +04:00)
Baku. Elnur Huseynguliyev - APA-Economics. Azerbaijani Pasha Bank made the volume of investment portfolio AZN 156.5 mln on January 1, 2011, and it is 86% more compared to the indicator of 2009, Chairman of Pasha Bank’s Board of Directors Farid Akhundov told APA.

To him, interbank placements and residuum increased by 54% and reached AZN 74.6 mln, as well as volume of non-interest income got from treasury operations increased by 2.1 times and reached AZN 4.1 mln.

Akhundov said that volume of trade finance portfolio of the bank made AZN 37 mln until the end of the report year, and it is 37% more in comparison to 2009.
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