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Loan Portfolio of PASHA Bank’s Turkish Subsidiary Rises

The loan portfolio of the PASHA Bank Turkey, a subsidiary of Azerbaijan's PASHA Bank, rose in 2015 to 373 million Turkish liras.

The bank's paid-up capital stands at 255 million liras.

Cenk Eynehan, the PASHA Bank Turkey's general manager and member of its management board, said that the bank intends to help increase the trade turnover among Azerbaijan, Turkey and Georgia.

He said the bank wants to ensure a sustainable long-term cooperation with entrepreneurs and help its customers engaged in export to increase sales.

Eynehan also said PASHA Bank Turkey's priorities include consultations on mergers and investments, and financing foreign trade operations in areas which have growth potential.

PASHA Bank, founded in 2007, is a leading corporate bank in Azerbaijan. The bank is a part of PASHA Group – a major investment holding group in Azerbaijan, which also includes significant assets in insurance, property development, production of construction materials, tourism and other businesses.

Source: Trend

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