Bank Of Baku

Parabank gets 14% rise in deposit portfolio

Parabank gets 14% rise in deposit portfolio
# 25 July 2011 11:51 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2011, Azerbaijan-based Parabank’s deposit portfolio stood at AZN 65.617 mln, up 14.3% from year earlier.

Bank says term deposits extended 14.9% to AZN 62.731 mln, demand deposits rose 3% to AZN 2.886 mln, and population’s deposits soared 15.8% to AZN 64.398 mln.

Foreign liabilities surged 36.6% to AZN 2.168 mln. Besides, bank’s investments in securities were equal to zero.

Remind that, Parabank has been in operation since 1991. The bank operates 15 branches, 18 ATMs and 203 POS-terminals across the country.
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