BAKU, Azerbaijan, July 27. According to the results of the second quarter of 2022, the total assets of Azerbaijani PASHA Bank increased by 24.8 percent compared to the same period last year, Trend reports citing bank's balance sheet.
According to bank’s report, the total assets of PASHA Bank increased up to 7.4 billion manat ($4.3 billion), by 1.4 billion manat ($823.5 million) over the year.
The largest share (33.82 percent) in structure of total assets was the loan portfolio, which grew by 14.3 percent over the year (up to 2.5 billion manat or $1.4 billion).
According to the results of second quarter this year, about 23.7 percent (1.7 billion manat or $1 billion) of PASHA Bank's assets were cash and cash equivalents.
Another 22.9 percent (1.69 billion manat or $994.1 million) of PASHA Bank's assets were investments in securities.
Unused real estate, in the structure of PASHA Bank’s long-term assets, amounted to 14.3 million manat ($8.4 million), intangible assets - 27.8 million manat ($16.3 million).
Other assets of PASHA Bank amounted to 153.7 million manat or $90.4 million (an increase of 50.8 percent over the year) in second quarter of 2022.
