Baku, Azerbaijan, Oct. 18
By Azad Hasanli – Trend:
Azerbaijan’s PASHA Bank does not intend to establish subsidiaries in foreign countries in 2017, Taleh Kazimov, chief executive officer and chairman of the bank’s board, said.
Kazimov made remarks at a press conference in Baku October 18.
"At present, PASHA Bank is represented in Azerbaijan, Georgia and Turkey,” he added. “Our bank was founded nine years ago. We established two subsidiaries during this relatively short period.”
“At present, our task is to set up stable financial structures in Azerbaijan, Georgia and Turkey, so we have no plans to establish subsidiaries in other countries in 2017," Kazimov added.
PASHA Bank was established in 2007. The bank has two subsidiaries in Georgia and Turkey - PASHA Bank Georgia and PASHA Bank Yatirim Bankasi, respectively. PASHA Bank Georgia has been operating since 2013, while PASHA Bank Yatirim Bankasi since 2015.