OREANDA-NEWS. August 25, 2009. The international audit company Ernst&Young conducted audit of  PASHA Bank over the first six months of 2009 fiscal year.

PASHA Bank reports that in accordance with a report of  Ernst&Young, on 1st July 2009, the bank’s assets made up AZN 244.19mln.

“The index increased by 23.5% from the beginning of 2009,” it was said in the report.

The bank’s loan portfolio totaled AZN 74.331mln over reported period.

“Income of PASHA Bank was fixed at AZN 4.921mln. The bank’s total capital was registered at AZN 116.412mln over reported period,” it was said in report.

Earlier, Ernst&Young audited the bank over the second half of 2007, the first half and all 2008.

In June 2007, the PASHA Bank has launched activity in Azerbaijan.

Presently, the bank’s shareholders are Pasha Holding with 60% stake, company ADOR Ltd. with 30% and Arif Pashayev with 10% stake. The bank’s charter capital totals AZN 100mln.