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Pasha Bankâ€™s incomes drops 0.7% year-on-year

13 July 2011 14:58 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of July 1, 2011, Azerbaijan-based Pasha Bankâ€™s assets made AZN 491.521 mln, up 44.3% from a year earlier.

Bank says loan portfolio rose 30% to AZN 215.250 mln, investment portfolio made AZN 212.998 mln. Deposits made AZN 311.329 mln, as well as term deposits made AZN 141.466 mln, demand deposits made AZN 169.863 mln.

Total capital of the bank increased by 1.5% to AZN 136.269 mln, as well as authorized capital rose 6.95 to AZN 123.475 mln. Total incomes decreased by 0.75 to AZN 19.405 mln, interest incomes made AZN 17.399 mln, non-interest incomes made AZN 2.006 mln.

At the same time, interest expenses made AZN 6.550 mln, operation expenses made AZN 4.564 mln, expenses on workers made AZN 2.566 mln. Profit of the bank rose 21% to AZN 7.79 mln.

Remind that, Pasha Bank has been in operation since November of 2007. The bank operates 141 employees, 2 departments, 8 ATMs and 837 active plastic cards.