BAKU, Azerbaijan, June 10. PASHA Bank Georgia reported a net income of 5.18 million manat ($3 million) for 2024, Trend reports, citing the bank’s annual financial report.
The bank closed 2023 with a net income of 1.1 million manat ($647,000). This means PASHA Bank Georgia’s net income grew nearly 4.7 times, or by 4 million manat ($2.3 million), in 2024 compared to 2023.
Meanwhile, the bank held total assets worth 430.5 million manat ($253.2 million), including total equity of 73.4 million manat ($43.1 million) as of December 31, 2024. By the end of 2023, total assets were 336.7 million manat ($198 million), with equity at 71 million manat ($41.7 million).
PASHA Bank Georgia’s total assets increased by 27.9 percent or 93.8 million manat ($55.1 million), while equity grew by 3.4 percent or 2.41 million manat ($1.41 million) over the year.
