Bank Of Baku

Parabank increases Q1 loan portfolio by 9%

Parabank increases Q1 loan portfolio by 9%
# 11 May 2012 09:22 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2012, Parabank’s assets made AZN 109.303 mln, up 3.25 from a year earlier.

During the reporting period, loan portfolio grew by 9.4% to AZN 79.368 mln, deposit portfolio dropped 0.25 to AZN 64.042 mln.

Total capital rose 8% to AZN 13.850 mln, authorized capital remained stabile at AZN 11.570 mln. At the same time, the number of total customers increased by 2.1 times to 36,338, number of individuals soared 2.2 times to 34,540, legal entities rose 72% to 1,798.

The number of active plastic cards rose 42% to 6,881, debit cards increased by 2.3 times to 3,510, credit cards soared 0.3% to 3,371. The number of bank’s employees decreased by 13% to 402, average monthly salary rose 37% to AZN 655.

Parabank has been in operation since 1991. As of April, 2012, it operates 15 branches, 18 ATMs, 238 POS-terminals and 402 employees across the country.
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