PASHA Insurance gets 39% rise in net profit

Economic Department
Author

PASHA Insurance OJSC ended 2019 on AZN 31.079 million in net profit, down 38.65% from the previous year.

Bank says the revenues amounted to AZN 151.204 million (up 12.5% from 2018), expenditures – to AZN 111.14 million (+4.8%), profit tax payments – to AZN 8.986 million (+51.4%).

As of January 1, 2020, the assets made up AZN 201.264 million, up 15.1% from a year earlier. The liabilities soared 16.9% to AZN 116.66 million.

PASHA Insurance has been in operation since 2006. The authorized capital is AZN 50 million.

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