Pasha Bank`s earnings have increased

16.07.2019,16:53


July 16, Fineko/abc.az. For Jan-Jun of the year PASHA Bank's revenues amounted to AZN 121.605 million (by 29.5% more versus the same term of 2018) and expenditures AZN 62.432 million (10.2% more), according to the financial statements of the Bank.

The report says that during this period contributions to special reserves of the Bank reached AZN 7.806 million (44.6% less) and income tax savings AZN 335,000 (the tax was paid a year ago). As a result, the Bank completed the 1st half of the year with net profit of AZN 51.7 million (2.3 times more than last year).

PASHA Bank was established in 2007. Its authorized capital is AZN 333 million. 60% of the Bank's shares belong to PASHA Holding, 30% to Ador, and 10% to Arif Pashayev.