Parabank gets 59% rise in assets

Parabank gets 59% rise in assets
# 01 December 2008 07:29 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of November 1, Azerbaijan’s Parabank posted its assets at AZN 65.7 million, up 58.8% on the same period last year.
The bank said deposit portfolio grew by 85.4% to AZN 34.2 million, including deposits put by the population doubling to AZN 31 million.
Loan portfolio increased by 94.7% to AZN 42.3 million, including consumer loans of AZN 4.7 million.
The bank’s total capital stood at AZN 11.7 million.
For January-October, revenue reached AZN 8.2 million, including AZN 6.6 million in interest income and AZN 1.6 million in non-interest income.
Owned by 23 individuals, Parabank has been in operation since 1991. It operates 9 ATMs and 133 POS terminals.
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