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PASHA Bank's Turkish affiliate's total capital up by over 15%

Economy Materials 19 May 2023 11:32 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, May 19. Total capital of PASHA Yatırım Bankası A.Ş. (Azerbaijani PASHA Bank's Turkish affiliate) increased by 15.9 percent or 12.8 million manat ($7.5 million) - from 80.6 million manat ($47.4 million) to 93.47 million manat ($54.98 million), Board Member of PASHA Bank Murad Suleymanov said at a press conference on the 2022 results, Trend reports.

According to Suleymanov, total assets last year increased by 23.4 percent, or 110.78 million manat ($65.16 million) - up to 584.2 million manat ($343.6 million).

"The interest income in 2022 amounted to 43.8 million manat ($25.7 million), which is 2.8 percent or 1.18 million manat ($690,000) more than in 2021," the board member added.

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