OREANDA-NEWS. April 12, 2011. Azerbaijan’s PASHA Bank has increased its charter capital by further 8 million manats by 30 March 2011 up to 123.4 million manats.

The Bank reports that its charter capital was raised due to partial capitalisation of the profit for 2010.  As a result, PASHA Bank (established in 2007) remains the second largest bank in Azerbaijan on the size of charter capital.

This March Ernst & Young confirmed the financial statement of PASHA Bank for 2010. The Bank’s assets were confirmed at the level of 512.3 million manats (USD 642.065 million) that is by 67% more than the 2009 index.

Bank’s loan portfolio  increased 1.6-fold in comparison with 2009 and reached AZN 196.08 million (USD 245.746 million). ROE index made up

18.2% (16.9% in 2009), ROA - 4.1% (5.5%), liquidity 171% (77%), and capital adequacy 62% (77%).