BAKU, Azerbaijan, April 15
By Zeyni Jafarov - Trend:
As of the end of the first quarter of 2021, the volume of total liabilities of Azerbaijan's leading corporate PASHA Bank increased by 19.1 percent compared to the first quarter of 2020, Trend reports citing the bank's balance sheet.
In accordance with the report, total liabilities increased by 818.7 million manat ($481.6 million), reaching 5.1 billion manat ($3 billion).
A big part (82.4 percent) in the structure of liabilities accounted for client and bank deposits, including deposits from financial institutions and loro accounts. The volume increased to 4.2 billion manat ($2.5 billion).
The bank's accounts payable amounted to 309.3 million manat ($181.9 million), other liabilities equal to 127.2 million manat ($74.8 million).
In accordance with the report, by the end of the first quarter of 2021, the share capital increased by 6.5 percent, amounting to 354.5 million manat ($208.5 million). The bank's retained earnings amounted to 162.9 million manat that’s $95.8 million (an increase of 50 percent), total reserves - 46.3 million manat that’s $27.2 million (an increase of 1.5 times).
The total capital of the bank by the reporting period reached 563.7 million manat ($331.6 million) compared to 473 million manat ($278 million) in the first quarter of 2020, which shows an increase of 19.2 percent.
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