PASHA Bank increased volume of problem loans

Baku. 5 May. REPORT.AZ/ Assets of PASHA Bank increased by 44.94% in comparison with the same period of last year and on April 1 of the current year amounted to 1 381.7 million manats.

Report informs referring to the bank, for the period the loan portfolio increased by 68.19% to 614.3 million manats. According to the report, although the volume of bad loans of the bank in comparison with the same period of last year increased by 19.41%, the share of problem loans in total loan portfolio decreased.

If the on April 1 of last year, the share of overdue loans amounted to 19.33% or 70.6 million manats, that as of April 1 of this year, this figure was equal to 13.72%, or 84.3 million manats.

According to the report, the deposit portfolio of PASHA Bank in the annual comparison increased by 72.50% on April 1, 2015 amounted to 694.4 million manats.

The authorized capital of the bank grew by 46.05% in comparison with the same period of last year and by 1 April 2015 amounted to 333.0 mln manats.