Azerbaijan, Baku, Aug.26 / Trend I.Khalilova/
Assets of Azerbaijani Pasha Bank have increased by 23.5 percent to 244.19 million manat for July 1, compared to early 2009, according to the international audit company Ernst & Young report auditing the bank's financial indicators in January-June.
The bank's portfolio for investment securities was reduced by 18 percent to 76.01 million manat in the first half of 2009. The loan portfolio of the bank reached 74.33 million mant with a 68.1 percent rise.
Pasha Bank's liabilities increased by 47.8 percent to 128.76 million manat, including 124.41 million manat of the deposit portfolio. The bank's total capital amounted to 115,432 million manat, including share capital of 100 million manat.
Pasha Bank finished the first half with a net profit of 4,921 million manat, which rose by 23.3 percent from the beginning of the year.
The Bank has operated since June 2007. Pasha Bank offers services for corporate clients, private individuals, integrated family services, children's educational need, funding for private business etc. The Bank is ready to work with small companies with an annual turnover of up to 1 million manat, with medium companies, with 1 to 10 million manat, and large companies, with over 10 million manat.
Pasha Bank closed joint stock company is a member of the PASA Holding group of companies. The bank's shareholders are: PASA Holding with 60 percent of the shares, the company ADOR Ltd with 30 percent and Arif Pashayev with 10 per cent.
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