12:31 - 1.05.2018

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May 1, Fineko/abc.az. Azerbaijani commercial PASHA Bank has summed up the results of activity for 2017.

Bank’s chairman of board Taleh Kazimov has stated at today’s media conference that at the end of 2017 their assets increased by 20% up to AZN 3.9 bn.

"By the end of 2018 Bank's assets will be brought up to AZN 4.2 bn," Kazimov said.

He added that Bank's loan portfolio increased by 21% up to AZN 1.4 bn for the past year. Customers’ fixed-term deposits grew up to AZN 1.03 bn, termless deposits up to AZN 1.8 bn. Bank’s interest income amounted to AZN 231.1 million, income from fees and commissions AZN 11.19 million, and income from foreign exchange transactions AZN 37.914 million.

"PASHA Bank’s total profit grew by 28% from AZN 87.87 million up to AZN 112.79 million. Net profit rose by 29% from AZN 69.29 million up to AZN 89.09 million," Kazimov said.