Pasha Bank Assets Grew in January-February, Nearly 2 Percent
Assets of "Pasha Bank" increased in January and February of this year at 13.62 million or 1.8% reaching 755.76 million manat. The volume of loans increased 13.02 million or 4.6% reaching 293.91 million manat.
Deposit portfolio for the period increased by 15.15 million or 3.3% higher than the 471.9 million manat. Of these, 174.03 million manat fell to urgent client investments.
The aggregate capital was 161.12 million manat, and the paid authorized capital - 157 mln.
Income and expenses of the bank were respectively were 10.23 million and 6.34 million manat. Net income amounted to 3.89 million manat.
The total number of issued bank active cards grew for two months in 2013 by 559 units or 9.7% to 6,336 units. As of March 1, the bank had 15 ATMs. - 15B -
Economics
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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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