PASHA Bank allocates a large amount for creation of a reserve - For possible losses


April 17, Fineko/abc.az. On 17 April PASHA Bank published a report for the first quarter of 2020.

ABC.AZ informs that according to the report, the Bank allocated AZN 19.97 million in order to create a special reserve to cover possible losses on assets. This is by 38.85 times more against the previous year.

Thus, in the 1st quarter of 2019 PASHA Bank allocated only AZN 514,000 for this purpose. The increase in the amount of allocated funds indicates deterioration in the Bank's loan portfolio.