PASHA Bank increases investment portfolio by 16%

PASHA Bank increases investment portfolio by 16%
# 13 September 2012 13:39 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of July 1, 2012, Azerbaijan-based PASHA Bank’s investment portfolio made AZN 248.713 mln, up 16% or AZN 34.463 mln from a year earlier.

Member of bank’s board Shahin Mammadov told APA that AZN 225.888 mln or 91% of investment fell on share of investment securities, AZN 22.825 mln or 9.0% - trading securities.

To him, in Q1, 2012, forecast of the banks’ investment portfolio on budget made AZN 219.250 mln. The portfolio surpassed budget forecast by AZN 29.463 mln.

PASHA Bank has been in operation since November, 2007.
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