PASHA Bank has published a report - there are serious cuts

17:29 - 19.04.2023


April 19, Fineko/abc.az. PASHA Bank has published a report for the first quarter of 2023.

ABC.AZ reports that according to the report, bank's return on assets decreased by 0.05% to 0.48%.

In addition, the use of PASHA Bank's capital decreased by 0.85% versus Q1 of 2022 by the 1st quarter of this year to 5.86%.

According to the report, bank's business loans fell by AZN 12.37 million to AZN 2.368 bn.

PASHA Bank increased the target reserve for possible losses by AZN 8.532 million to AZN 67.56 million.

Thus, Bank's net loan grew by AZN 83.5 million or by 3.20% to AZN 2.686 bn.

By Elmir Murad