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Pasha Bank gets 8% decline in profit

07 February 2012 12:25 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2012, Azerbaijan-based Pasha Bankâ€™s assets stood at AZN 506.074 mln, up 12% from previous year.

Bank says loan portfolio rose 26% to AZN 245.435 mln, deposit portfolio soared 9.5% to AZN 371.040 mln as well term deposits increased by 13% to AZN 165.874 mln, demand deposits â€“ by 7.1% to AZN 205.167 mln.

Total capital extended 8.1% to AZN 143.022 mln, as well authorized capital surged 7% to AZN 123.475 mln.

Note that, total income climbed 12% to AZN 44.777 mln, including interest income gained 11.8% to AZN 37.828 mln, non-interest income rose 12% to AZN 6.950 mln, expenditures soared 34% to AZN 25.448 mln. Consequently, profit decreased by 8% to AZN 19.330 mln.

Remind that, Pasha Bank has been in operation since 2007. The bank operates 6 ATMs and 56 POS-terminals.