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.
Chairman of the Executive Board at PASHA Bank, Taleh Kazimov said that the bank forecasts to generate 40 m AZN net profit in 2016.
Vusal Azizov
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