BAKU, Azerbaijan, April 18. Total liabilities of Azerbaijan’s PASHA Bank increased in the first quarter of 2023, Trend reports citing the bank's balance sheet.
According to the balance sheet, this figure amounted to 7.97 billion manat ($4.69 billion), up by 1.4 billion manat ($820 million) or 21.64 percent over the year.
A significant share (89.12 percent) in the structure of liabilities fell on deposits – 7.1 billion manat ($4.18 billion), which is a growth of 25.34 percent on annual basis.
At the same time, the share of deposits of legal entities in the bank’s deposit structure made up 77.36 percent. Deposits of these entities amounted to 5.49 billion manat ($3.23 billion), up by 43.79 percent on annual basis.
The share of deposits of individuals in the structure of liabilities of PASHA Bank in the first quarter of 2023 made up 22.64 percent. These deposits stood at 1.6 billion manat ($940 million).
During the reporting period, the bank's liabilities to credit organizations and other financial institutions amounted to 603.5 million manat ($355 million), and other liabilities – 140.59 million manat ($82.7 million).
Meanwhile, the share capital of the bank amounted to 685.7 million manat ($403.3 million).
The total reserves of PASHA Bank from January through March this year equaled 34.62 million manat ($20.36 million) and its retained earnings – 331.2 million ($194.8 million).
PASHA Bank’s total capital in the reporting period amounted to 720.3 million manat ($423.7 million).
Previously, in the fourth quarter of last year, total liabilities of the bank equaled 7.85 billion manat ($4.62 billion).