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Pasha Bank plans to keep net profit stable this year

14 March 2013 10:31 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Assets of Pasha Bank stood at AZN 721.075 mln as of the end of 2012, (+26%).

According to APA-Economics, last year, loan portfolio of the bank rose 17% to AZN 274.1471 mln, term deposits grew by 16.9% to AZN 193.858 mln, current account of customers soared 28% to AZN 263.209 mln, total capital increased by 26.2% to AZN 188.348 mln. 47% of bank’s assets fell to share of securities portfolio, 28% - loans, 10% - cash money, 2% - funds given to credit organizations. In turn, 80% of securities portfolio fell to share of government-securities of Azerbaijan and that is why, liquidity of securities market is highly estimated.

In 2012, bank’s pre-tax profit made AZN 20.763, whereas net profit stood at AZN 16.212 mln.

Return on assets (ROA ratio) of the bank made 3.84% (+0.44%), return on equity (ROE) – 17.62% (+1.82%).

Board member Shahin Mammadov noted that the bank plans to reach assets up to AZN 850-900 mln and net profit up to AZN 16 mln by the end of 2013.