Bank Of Baku

Parabank sees 2.4 times rise in personal savings

Parabank sees 2.4 times rise in personal savings
# 26 April 2016 10:31 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. Parabank’s assets in the first quarter of 2016 stood at AZN 193.631 mln, up 0.81% in comparison with previous year.

 

The bank says the loan portfolio grew 29.5% to AZN 164.088 mln, consumption loans raised 13.26% to AZN 45.870 mln, overdue credits increased 3.05 times to AZN 42.504 mln, deposit portfolio surged 17.1% to AZN 100.853 mln, and personal savings rose 2.45 times to AZN 99.599 mln.

 

Total capital dropped 3.59% to AZN 52.870 mln, the authorized capital slid 1.09% to AZN 37,323,000.

 

Incomes ascended 12.22% to AZN 8.172 mln, expenditures advanced 16.74% to AZN 6.354 mln.

 

Profit amounted to AZN 1.818 mln.

 

For the present, the bank operates 16 branches, 16 ATMs and 192 POS-terminals across the country.

 

 

 

 

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