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Azerbaijani bank’s credit portfolio ups by quarter in 2012

Business Materials 21 September 2012 10:57 (UTC +04:00)
The assets of Azerbaijani Pasha Bank in January - August 2012 increased by 7.5 percent since early 2012, amounting to 613.32 million manat, the bank told Trend on Wednesday.
Azerbaijani bank’s credit portfolio ups by quarter in 2012

Azerbaijan, Baku, Sept. 20 / Trend A. Hasanov /

The assets of Azerbaijani Pasha Bank in January - August 2012 increased by 7.5 percent since early 2012, amounting to 613.32 million manat, the bank told Trend on Wednesday.

The bank's loan portfolio during the reporting period increased by 24.9 percent to 306.12 million manat. The volume of funds at the clients' accounts amounted to 335.6 million manat, decreasing by 9.6 percent.

The bank's operating income for the first eight months of this year amounted to 3.88 million manat, net profit - 2.31 million manat.

The authorized capital of the bank, as of September 1, amounted to 157 million manat, increasing by 27.6 percent. The yield of the bank's assets amounted to 5 percent compared to 3 percent in early 2012.

The bank's reserves amounted to 23.09 million manat as of the first eight months of this year, increasing by 34.5 percent, the investment portfolio - 231.17 million (decreased by 10.9 percent).

The number of active cards for the period increased by 2.6 times and amounted to 4,810 units, ATMs - 11 (increased by two ATMs from early 2012).

Pasha Bank was established in June 2007. It operates under a license from the Azerbaijani Central Bank dated January 28, 2007.

The official exchange rate is 0.7853 AZN/USD on Sept. 20.

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