13:00 - 27.01.2020

---

January 27, Fineko/abc.az. Pasha Bank completed 2019 with net profit of AZN 65.4 million.

ABC.AZ informs with reference to Bank’s report that its net profit declined by AZN 12.17 million or 18.5% against 2018. Thus, PASHA Bank finished 2018 with net profit of AZN 77.57 million. The decrease in net profit is linked with the excess of total expenses over total income.

Total earnings of PASHA Bank Azerbaycan for 2019 amounted to AZN 272.8 million and total expenditures AZN 207.76 million. For comparison, in 2018 Bank’s total revenues reached AZN 212.9 million and total expenses AZN 135.878 million. In comparison with 2018, PASHA Bank's total revenues for the past year grew by AZN 59.868 million and total expenditures by AZN 71.88 million. The excess of total expenses over the growth of total income by AZN 12.17 million led to decrease in net profit in the same amount.

It should be noted that PASHA Bank declared dividends for AZN 45.23 million from the profit of 2019.

By Elmir Murad