The assets of Pasha Bank increased in January-October this year at 94.62 million or 16.6%, reaching 665.05 million manat. The volume of issued and corporate loans increased 67.63 million or 27.6% to 313.07 million manat.
The deposit portfolio for the period increased by 3.5% to 383.95 million manat, including term client investments that increased 30.12 million or 18.1% to 195.99 million manat.
The aggregate capital increased 34.84 million, or 24.4%, reaching 177.86 million manat, and the paid charter capital increased 33.53 million or 27.1% to 157 million manat.
The income and expenses of the bank were respectively 47.49 million and 35.95 million manat. The net income amounted to 11.54 million manat.
The total number of issued bank active cards increased for ten months in 2012 by 3,652 units or three-fold to 5,457 units. During the reported period, the bank mounted seven additional ATMs, including five in the reported month. Thus, the total number of the equipment reached 16 units. - 15B -
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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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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