...

Total assets of Azerbaijan's PASHA Bank up

Finance Materials 23 January 2023 10:10 (UTC +04:00)
Total assets of Azerbaijan's PASHA Bank up
Kamran Gasimov
Kamran Gasimov
Read more

BAKU, Azerbaijan, January 23. The total assets of Azerbaijan's PASHA Bank increased by 32.95 percent in the fourth quarter of 2022 compared to the same period in 2021, Trend reports citing the bank's balance sheet.

According to the bank’s report, the total assets of PASHA Bank increased by 2.1 billion manat ($1.2 billion), reaching 8.5 billion manat ($5 billion). The largest share (35.46 percent) in the structure of total assets was cash and its equivalents - 3.02 billion manat ($1.78 billion).

The deduction of target reserves from the bank's portfolio to ensure possible losses amounted to 57.09 million manat ($33.5 million).

According to the results of the fourth quarter of 2022, a total of 32.02 percent of PASHA Bank's assets was the loan portfolio, which increased by 7.18 percent, reaching 2.7 billion manat ($1.59 billion).

Another 20.49 percent of PASHA Bank's assets were investments in securities - 1.7 billion manat ($1 billion).

Other assets of PASHA Bank amounted to 164.6 million manat ($96.82 million) in the fourth quarter of 2022.

Tags:
Latest

Latest