The subsidiary of Azerbaijan’s PASHA Bank OJSC in Georgia (PASHA Bank Georgia) completed the first half of 2023 with a loss of 1.269 million lari ($485,000) - 5.2 times less year-on-year, Report informs.
As of July 1, 2023, the assets of PASHA Bank Georgia amounted to 506.25 million lari ($193.4 million), which is 9.7% more than a year ago. Of these, 322.684 million lari ($123.3 million) are net loans issued to customers. Over the past year, the bank's loan portfolio has grown by 1.4%.
During the reporting period, the liabilities of PASHA Bank Georgia increased by 11.5% to 404.701 million lari ($154.6 million), including the deposit portfolio, which grew by 21.9% to 348.455 million lari ($133.1 million), while the balance capital increased by 3.1% to 101.545 million lari ($38.8 million).