Pasha Bank's second quarter net profit rise by twelve times

Pasha Bank's pre-tax profits for the first half of this year have increased by 1136%, compared to the end of  previous year.

It made a pre-tax profit of 33.5 m AZN between January and June, a significant rise on the 2.7 m AZN  made in 2015. 

 

Pasha Bank, the third largest bank in Azerbaijan, by assets, generated 31.8 m AZN revenues from currency operations in the first half of 2016  and 24 m AZN net profit.