Azerbaijani bank’s income reaches nearly $10 million
Azerbaijan, Baku, Oct.17 / Trend, A. Akhundov /
In January-September, the assets of the Azerbaijani PASHA Bank decreased by 4.58 percent compared with late 2010 and amounted to 485.78 million manat, the bank's balance sheet said on Friday.
The bank's loan portfolio increased by 21.1 percent for nine months and amounted to 235.98 million manat, including $16.87 million for loans to customers.
Its investment portfolio during the reporting period increased by 18.08 percent and amounted to 184 million manat.
The bank's net profit during the first nine months of 2011 amounted to 7.7 million manats.
The bank's total capital amounted to 139.98 million manat , including authorized capital - 123.47 million manat.
Interest income of the bank amounted to 27.22 million manat, non-interest income - 4.01 million manat. Interest expenses amounted to 9.65 million manat as of Oct.1, operating expenses - 7.55 million manat, staff costs - 4.21 million manat.