"PASHA Bank" announced its financial indicators for the first half of this year.

"APA-Economics" reports that in the first half of 2022, the Bank's interest income was 145,824 thousand manats (13.3% more than the same period of 2021), interest expenses were 25,044 thousand manats (3.8% less), net interest income was 120,780 thousand manats (17.6% more).

During the reporting period, PASHA Bank's non-interest income was 78,025 thousand manats (32.2% more), non-interest expenses were 103,644 thousand manats (37.3% more), and operating profit was 43,260 thousand manats (2 times less).

The bank reduced the provision for possible losses by 2.6 times to 9,114 thousand manats, and the profit tax payment during this period was 21,203 thousand manats (1.9 times more).

As a result, the bank ended the first half of 2022 with a net profit of 64,844 thousand manats.

This is 28% more than the same period last year.

Thus, "PASHA Bank" announced a net profit of 50,640 thousand manats for January-June 2021.

The bank continued to grow.

Thus, as of July 1 of this year, the bank's total assets increased by 25.4% to 7,422 million manats, including loans to customers, increased by 19% to 2,510 million manats.

The total liabilities of the bank increased by 28.3% to 6,839 million manats, including the deposit portfolio increased by 31.1% to 5,951 million manats.

During this period, the total capital of the bank increased by 7% to 582,116 thousand manats, and the undistributed capital increased by 1.6 times to 226,593 thousand manats.