OREANDA-NEWS. December 29, 2012. One of the largest private credit institutions of Azerbaijan - PASHA Bank OJSC has set plans for 2013.

Bank’s chairman of board Farid Akhundov says that PASHA Bank budget for 2013 has already been approved by the shareholders.

"Grave tasks are set before the bank’s management. The assets on the consolidated balance-sheet (PASHA Bank and PASHA Bank Georgia) should reach AZN 900 million in 2013," Akhundov said.

For Jan-Nov 2012, the Bank exceeded for the first time the psychological level of AZN 700 million on assets.

As of 1 December 2012 return on equity (RoE) of PASHA Bank reached 19% and return on assets (RoA) - 4%. Assets were equal to AZN 723.389 million capital AZN 178.1 million and authorized capital at the level of AZN 157 million.