Bank Of Baku

Parabank gets profit in third quarter

Parabank gets profit in third quarter
# 06 November 2015 14:07 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Parabank’s assets in the third quarter of 2015 made AZN 174.378 mln, up 37.15% from previous year.

 

Bank says the loan portfolio surged 23.61% to AZN 121.266 mln, consumption loans went up 24.51% to AZN 39.002 mln, overdue credits advanced 75.35% to AZN 22.437 mln, deposit portfolio advanced 13.08% to AZN 78.232 mln, personal savings were equal to AZN 75.372 mln, up 11.8% in annual comparison.  

 

Total capital increased 2.5 times to AZN 53.402 mln, authorized capital soared 3.36 times to AZN 38,887,000.

 

Incomes dropped 23.21% to AZN 20.852 mln, expenditures shed 24.99% to AZN 19.057 mln.

 

Profit amounted to AZN 1.794 mln.

 

The bank operates 16 branches, 16 ATMs and 200 POS-terminals across the country.

 

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