Azerbaijan, Baku, Sept. 9 / Trend A. Akhundov /
The loan portfolio of Azerbaijani Pasha Bank increased by 17 percent to 331.69 million manat in the first half of 2013 compared to 282.84 million manat in late 2012, member of the board, chief financial administrator in Pasha Bank Shahin Mammadov said at a press conference on Monday.
According to him, more than 48 percent of the loan portfolio fall to trade and services, 23 percent - the processing industry, 13.99 percent - construction, 4.98 percent - agriculture and food industry, 9.94 percent - other sectors.
"The share of processing industry in the portfolio is increased as the bank began paying more attention to the operations with the regions where this sphere is being developed," he added.
According to him, around 40.8 million manat loans fall to long-term loans (from 12 to 36 months), 37.5 percent - medium loans and 21.7 percent - short-term loans (less than 12 months).
Around 47.68 percent of portfolio fall to secured loans, 40.62 percent - partly secured loans and 11.7 percent - unsecured loans.
Real estate is collateral for 27.27 percent of bank loans while 21.16 percent - raw materials.
Pasha Bank was established in June 2007 and operates under a license of the Central Bank of Azerbaijan dated Nov.28, 2007.
Its primary objectives are the strengthening of its leadership in corporate customer service, the qualitative growth of business in priority areas defined by the strategy and the creation and continued development of long term and trusted relationships.
The official exchange rate is 0,7844 AZN/USD on Sept. 9.
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