BAKU, Azerbaijan, July 1. Financial indicators of PASHA Bank Türkiye changed in different directions following the results of 2021, Chief Financial Officer and Executive Board Member at PASHA Bank OJSC Bahruz Naghiyev said at the conference on "PASHA Bank's finance indicators for 2021" on June 28, Trend reports.
According to him, the total assets of PASHA Bank Türkiye totaled 473.46 million manat ($278.6 million) in 2021, reduced by 5.8 percent against 2020.
"The amount of loans issued to customers in 2021 decreased by 6.4 percent and amounted to 321.9 million manat ($189.4 million). The overall capital of the subsidiary bank, having decreased by 37.8 percent, reached 80.6 million manat ($47.4 million). The net income from fees and commissions made up 1.9 million manat ($1.1 million), up by 92.2 percent compared to 2020. The net profit on foreign exchange transactions rose by 143.6 percent, up to 3.2 million manat ($1.8 million)," Naghiyev said.
Furthermore, he noted that the bank's operating profit totaled nearly 28.37 million manat ($16.69 million), growing by 33.2 percent against 2020. The total operating expenses edged up by 10 percent reaching 10.36 million manat ($6.09 million). The bank's net profit increased by 22.8 percent, amounting to 9.39 million manat ($5.5 million).
PASHA Bank's assets amounted to nearly 6.427 billion manat ($3.78 billion) at the end of the 2021 financial year.