Parabank sees 12% rise in loan portfolio

Parabank sees 12% rise in loan portfolio
# 27 April 2011 10:15 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Parabank’s loan portfolio stood at AZN 72.553 mln, up 12.1% from year earlier.

Bank says loans by 12 months went down 12% to AZN 16.936 mln, loans for over 12 months went up 22.3% to AZN 55.617 mln, consumption loans rose 13.7% to AZN 39.089 mln, overdue credits increased by 49% to AZN 4.780 mln.

Remind that, Parabank is in operation since 1991. The bank operates 16 branches, 18 ATMs and 148 POS-terminals.
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