Parabank sees 16% rise in deposit portfolio

Parabank sees 16% rise in deposit portfolio
# 22 April 2011 14:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Parabank’s deposit portfolio stood at AZN 64.187 mln, up 15.88% compared with a year ago.

Bank says the term deposits extended 14.73% to AZN 61.676 mln, deposits rose 53.58% to AZN 2.511 mln, household deposits went up 15.94% to AZN 63.579 mln.

The bank’s foreign liabilities rose 5.87% to AZN 39.900 mln. Besides, in January-March, 2011, compared to a year ago, bank’s investments in securities was equal to zero. Note that, in Q! of previous year, the bank invested to the mentioned sphere AZN 553.53 mln.
Remind that, Parabank has been in operation since 1991. Bank operates 16 branches, 18 ATMs, 148 POS-terminals and 454 employees across the country.
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