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Pasha Bank sees decline in net profit year-on-year

Pasha Bank sees decline in net profit year-on-year

24 August 2011 11:32 (UTC +04:00)

Baku. ELnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Pasha Bankâ€™s net profit made AZN 5.072 mln during January-June, 2011, down 41% from previous year, said the member of bankâ€™s Board of Directors Shahin Mammadov.

According to him, interest profit decreased by approximately 10% to AZN 10.849 mln. Interest rose 8.4% to ANZ 17.399 mln, Fee and commission income soared 33.5% to ANZ 1.291 mln, operational income slid 18.3% to AZN 12.360 mln.

He also noted that, the total expenditures reached AZN 11.559 mln, as well interest expenditure â€“ AZN 6.550 mln, commission expenses â€“ AZN 495,000, administrative expenditures â€“ AZN 4.564 mln.

Remind that, Pasha Bank has been in operation since 2007.

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