Assets of "Pasha Bank" increased in January-December 2012 by 171.71 million or 30.1%, reaching 742.14 million manat. The volume of issued and corporations loans increased by 35.46 million or 14.5% to 280.89 million manat.
Deposit portfolio for the period increased by 85.74 million or 23.1% to 456.78 million manat, including term client investments increased by 27.62 million or 16.6% to 193.49 million manats.
Aggregate capital increased by 35.1 million or 24.5% reaching 178.08 million manat, and paid charter capital - by 33.53 million or 27.1% to 157 million manat.
Income and expenses of the bank were respectively 58.7 million and 46.98 million manat. Net income amounted to 11.72 million manat.
The total number of issued bank active cards increased during 2012 to 3972 units or 3.2 times up to 5777 pieces. During the reporting period, the bank has mounted an additional six ATMs. Thus, the total number of the equipment has reached 15 units. - 15B -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review