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Pasha Bank gets 6% rise in demand deposits

08 November 2012 09:39 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of October 1, 2012, Azerbaijan-based Pasha Bankâ€™s asserts stood at AZN 628.361 mln, up 29% from a year earlier.

Bank says loan portfolio rose 30% to AZN 306.892 mln, deposit portfolio soared 18% to AZN 352.188 mln, as well as term deposits surged 31% to AZN 184.198 mln, demand deposits extended 6.4% to AZN 167.990 mln.

Total capital grew 25% to AZN 175.312 mln, including authorized capital went up 27% to AZN 157 mln.

Note that, total incomes increased by 41% to AZN 43.890 mln, including interest incomes advanced 37% to AZN 37.380 mln, non-interest incomes surged 62% to AZN 6.510 mln, and interest expenditures climbed 14% to AZN 10.932 mln. Consequently, bankâ€™s profit during 9 months made AZN 8.988 mln.

Remind that Pasha Bank has been in operation since 2007.