Parabank gets 1.5 times rise in assets

Parabank gets 1.5 times rise in assets
# 24 October 2007 09:19 (UTC +04:00)
As of October 1, the assets of Azerbaijan’s Parabank stood at AZN 34.292 million, higher 1.5 times from the same period last year.
The bank said its loan portfolio increased 36.6% to AZ 19.854 million, deposit portfolio rose 37.4% to AZN 12.864 million, aggregate capital more than doubled to AZN 13.599 million and authorized capital nearly tripled to AZN 10.7 million.
Revenues for January-September rose 18.3% to AZN 6.288 million and expenditures increased 23.3% to AZN 5.897 million.
The bank’s profit went up 35.7%, year-over-year, to AZN 391.15 million.
Parabank is owned by 23 individuals. /APA-Economics/

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