BAKU, Azerbaijan, June 10. PASHA Bank Open Joint Stock Company (OJSC) has disclosed its financial results for 2024, Trend reports.
PASHA Bank ended 2024 with a net profit of 214.5 million manat ($126.1 million). In comparison, the bank had reported a net profit of 271.5 million manat ($159.7 million) in 2023. This reflects a decrease of 21 percent, or 57 million manat ($33.5 million), in net profit year-over-year.
As of December 31, 2024, PASHA Bank’s total assets amounted to 8.24 billion manat ($4.84 billion). The volume of loans issued to clients stood at 3.36 billion manat ($1.97 billion).
Moreover, the bank’s total assets had been 8.62 billion manat ($5 billion), and loans to clients were 2.84 billion manat ($1.67 billion) on December 31, 2023. This means the bank’s total assets declined by 4.3 percent or 374.6 million manat ($220.3 million) over the year, while the volume of loans to clients increased by 18.2 percent or 518.4 million manat ($304.9 million).
