Over first six months of the year income of Pasha Bank totaled 20.3 million manat

In the first half of 2016  with  the revenue of $ 92.7 million manat,   the income of "Pasha Bank"  totaled 27.6 million manat, the bank noted in the financial statements. The Bank has paid income tax in the amount of 7.312.000 manats. Thus, the net profit of Pasha Bank over  for six months of 2016 amounted to 20.3 million manat. During the same period in 2015, taking into account the reserves for possible losses (19,5 million manat), the bank's losses amounted to 873.000 manats.

Over the past 12 months, the bank's assets grew from $1billion 644 million to  2 million 38.4 million manat (+ 24%). The credit portfolio of Pasha Bank increased from 644 million manat to AZN 730 million manat. The volume of deposits increased by one third, and reached 1. 274.000 manat on July 1, 2016.

 The JSC "Pasha Bank"  has been functioning since  2007. It has subsidiaries in Georgia ( "Pasha Georgia") and Turkey ( "Pasha Yatirim Bankası"). For December 31 the consolidated assets of the three banks increased by more than 1 billion manat,  and amounted to 2 billion 292.7 million manat.

The shareholders are: LLC "Pasha Holding" - 60%, Ltd. "Ador" - 30% and Arif Pashayev - 10%. The ultimate controlling entities  are sisters Leyla and Arzu Aliyevas. 08D