Parabank gets 5% rise in assets last year

Parabank gets 5% rise in assets last year
# 05 March 2013 07:13 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1 2013, assets of Parabank made AZN 109.601 mln (+4.5%).

During the reporting period, loan portfolio of the bank decreased by 0.8% to AZN 76.023mln, consumer loans made AZN 43.002 mln by rising 1.7%. Overdue credits soared 52.3% to AZN 9.774 mln. Share of overdue credits in total loan portfolio rose 4.4% to 12.9%.

Deposit portfolio dropped 1% to AZN 63.587 mln. Population deposits stood at AZN 62.852 mln (+0.8%).

Total capital rose 33.8% to AZN 16.856 mln as well as authorized capital remained unchanged at AZN 11.570 mln.

Number of total customers decreased by 2 times to 16,047, as well as individuals dropped 2 times to 15,143, legal entities were down 1.9 times to 904. Number of plastic cards stood at 9,036 as of January 1 2013, up 25.1% compared to last year. Debit cards increased by 2.1 times to 7,641, credit cards slid 2.6 times to 1,395.

At present time, the bank operates 15 branches, 19 ATMs, 220 POS-terminals and 389 employees across the country.

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