Deposits in Parabank Rises by 76% over 6 months of 2008

Azerbaijan, Baku, 25 July / Trend / The amount of individuals' deposit in Parabank Open Joint Stock Company (OJSC), rose by 76.7% as compared with the beginning of 2008, the bank said on 24 July. For the last year this figure rose more than twice and reached AZN 27.3mln on 1 July in 2008.

The lump deposit portfolio of the bank increased by 65.2% as compared with the beginning of 2008and reached AZN 30.43mln on 1 July in 2008. The amount of received deposit with fixed period made AZN 29.30mln at the end of accounting period. The growth of this index amounted to 76.8% within six months in 2008 and this figure is more by 189.7% as compared to the same period of 2007.

Credit portfolio of Parabank OJSC rose by 55.6%, amounting to AZN 33.79mln on 1 July within six months in 2008. The amount of consumer credits issued by the bank reached AZN 3.5mln by the end of accounting period.

The assets of the bank rose by 58.2% as compared to the results of the first-half year of 2007 and amounted to AZN 56.5mln by the end of June in 2008. The growth of assets equals to 36.5% in the first half-year of 2008.

The amount of aggregate capital of the bank made up AZN 11.95mln on 1 July 2008.

Lump income of the bank amounted to AZN 4.39mln by the end of this period and this index is more by 226.3% as compared to the results of the same period in 2007. The lump income of the bank rose by 197.8% in June 2008. Interest yields of the bank from loan increased by 234.2% as compared to the same period of 2007 and amounted to AZN 3.38mln by the end of this period. The interest yields grew by 200.3% in June 2008 and the growth of non-interest yields 189.7%.

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