The assets of Pasha Bank in the third quarter of 2016 to the beginning of the year increased by 30.2% (64 million 638.919 thousand manat), amounting to 2 billion 782 million 552.880 thousand manat.
According to Turan, during the reporting period, the bank's liabilities amounted to 2 billion 413 million 947.21 thousand manat (an increase of 35.9% - 637 million 821.67 thousand manat).
The growth of the bank's capital amounted to 2.37% for the period (856.751 thousand manat), reaching 368 million 605.66 thousand manat.
In the third quarter Pasha Bank’s profit was 12 million 654 thousand manat.
The volume of overdue loans is equal to 89 million 992 thousand manat. Overdue loans accounted for 11.12% of the total loan portfolio. In the second quarter of 2016, overdue loans amounted to 97 million 350 thousand manat.
The debt of Pasha Bank to the Central Bank is 23 million manat. -----71D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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