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Pasha Bank quadruples assets

Pasha Bank quadruples assets

16 October 2008 12:32 (UTC +04:00)

Baku. Elnur Huseynguliyev-APA-Economics. As at October 1, Azerbaijan-based Pasha Bankâ€™s assets stood at AZN 183.152 million, up 4 times on January 1.
The bankâ€™s loan portfolio rose 5.3 times to AZN 54.384 million, deposit portfolio increased 6 times to AZN 69.151 million, total capital more than tripled to AZN 107.304 million and share capital trebled to AZN 100 million.
For January-September, revenues increased 47.4 times to AZN 13.884 million and expenditures rose 7.4 times AZN 6.005 million. Profit reached AZN 7.879 million.
The bank paid AZN 1.728 million in tax. The number of employees increased 14.5 times to 63.
Pasha Bank, owned by Pasha Holding, has been in operation since June, 2007.
It has 2 ATMs.

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