Azernews.Az

The assets of Azerbaijan's Pasha Bank have increased by 7.5 percent since the beginning of 2012, amounting to 613.32 million manats (over $781 million), the bank told Trend news agency.

The bank's loan portfolio in January-August increased 24.9 percent to 306.12 million manats. However, the funds on the clients' accounts amounted to 335.6 million manats, decreasing 9.6 percent.

The bank's operating income in the first eight months of this year amounted to 3.88 million manats, and net profit stood at 2.31 million manats.

The authorized capital of the bank, as of September 1, amounted to 157 million manats, increasing 27.6 percent. The yield of the bank's assets amounted to 5 percent, up from 3 percent in early 2012.

The bank's reserves amounted to 23.09 million manats in the eight-month period, increasing 34.5 percent, while the investment portfolio made up 231.17 million manats, a decrease by 10.9 percent.

Pasha Bank was established in June 2007. The bank, along with Pasha Insurance, Pasha Life, Pasha Travel and Pasha Construction, is included in the Pasha Holding Company, an investment company. Pasha Bank shareholders are Pasha Holding with 60 per cent, ADOR Ltd with 30 per cent and private shareholder Arif Pashayev with 10 per cent.