Azerbaijan, Baku, 4 February / corr. Trend U. Ismayilova/ The volume of assets of Parabank Open Joint Stock Company totaled AZN41.365.790 as of 1 January 2008 which is 64% more than the similar figure of 2007, according to bank officials on 4 January.
The credit portfolio of the bank increased by 28% and totaled to AZN21.707.480 and the deposit portfolio increased by 103% and totaled to AZN16.577.430. The aggregate capital of the bank increased by 40% and totaled to AZN12.339.540 and the authorized capital stock increased by 69% totaling AZN9.394. 200.
The income of the bank amounted to AZN9.547.700 and expenses were AZN9.161.800 in 2007. In summary, the net profit of the bank for 2007 amounted to AZN385.900 which is 57.9% more than the same figure of 2006.
Parabank has been functioning since 1991.