Assets of Pasha Bank in 2016 compared to 2015 increased by 46.9%, or 1 billion to 2 million 610 thousand manat, amounting to 3 billion 138 million 773 thousand manat.
The bank's liabilities growth over a specified time amounted to 960 million 283 thousand manat or 54% and reached 2 billion 736 million 408 thousand manat.
The capital of Pasha Bank for the reported period amounted to AZN 402 million 364 thousand - increase of 42 million 326 thousand manat or 11.7%.
In 2016, the bank showed a profit of 48 million 299 thousand manat.
The bank's authorized capital is 333 million manat. ---71D
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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