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Parabank posts 92% rise in deposits

Parabank posts 92% rise in deposits

20 August 2008 15:40 (UTC +04:00)

Elnur Huseynguluyev â€“ APA-Economics. As of August 1, Parabankâ€™s assets stood at AZN 61.62 million, up 81.1% from a year earlier.
The bankâ€™s loan portfolio increased 92.3% to AZN 35.59 million, including AZN 3.5 million consumer loans, deposit portfolio rose 89.1 to AZN 34.84 million, including term deposits rose 92.2% to AZN 31.87 million. Deposits put by individuals rose 92.3% to AZN 29.73 million.
As against the same period last year, revenues increased 95% to AZN 891 000 and interest incomes doubled while non-interest incomes grew 65.5%.
The bankâ€™s total capital reached AZN 11.94 million. The number of POS terminals reached 115 and cardholders 1 421.
Owned by 23 individuals, parabank has been in operation since 1991. The bank operates 8 branches and 9 ATMs across the country.

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