Baku, Azerbaijan, Oct. 4
By Anvar Mammadov - Trend:
Azerbaijan’s PASHA Bank paid dividends to its shareholders in the amount of 58 million manat, which is stipulated by a decrease in the bank's capital by 2 percent, Hayala Nagiyeva, member of the bank’s executive board, said.
Nagiyeva made the remarks at a press conference in Baku Oct. 4 dedicated to the bank’s activity in January-June 2017.
"In general, the bank's assets increased by 10 percent to 3.61 billion manat January-June 2017 compared to the same period of 2016,” she said. “The loan portfolio increased by 8 percent to 1.3 billion manat, the deposit portfolio - by nearly 15 percent to 2.7 billion manat. The bank's capital decreased by 2 percent to 476.85 million manat."
Nagiyeva said that PASHA Bank completed January-June 2017 with a net profit worth 50.32 million manat, which is by over twofold more than in the same period of 2016.
"An increase in profit was mainly stipulated by an increase in interest income of the bank from 65.37 million manat to 132.45 million manat,” she said. “The non-interest income of the bank slightly decreased to 33.81 million manat."
