The assets of Pasha Bank, by December 1 amounted to 1 billion 159,910,000 manat (+ 85.24 million in November).
As stated in the financial structure, at the end of November 2014 the return on its equity (RoE) was 10%, a record figure for the same this position (18%) was recorded in February of this year. Return on assets (RoA) in November was estimated at 1%.
The equity capital by December 1 (per month) increased from 341.68 million to 342,350,000 manat at the constant authorized capital of 333 million manat.
The profit before tax stood at 24.28 million manat. The net profit is equal to 13,730,000 manat. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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