BAKU, Azerbaijan, May 29. Azerbaijan's PASHA Bank places special emphasis on supporting companies operating in liberated territories of the country, Chairman of the Executive Board and Chief Executive Officer at PASHA Bank Javid Gouliyev said during today's press conference dedicated to the bank's performance results for 2023 in Baku, Trend reports.
“Highlighting key achievements in corporate-institutional banking during the strategic period, it is notable that special attention was given to the 'Karabakh Strategy,' which supports companies operating in the liberated territories. Additionally, a significant milestone was the signing of the first commodity futures contract for the bank's clients in Azerbaijan's history,” he said.
To note, at the end of 2023, PASHA Bank's assets stood at 8.622 billion manat or $5.07 billion (2.2 percent growth), with the loan portfolio at 2.958 billion manat or $1.7 billion (4.7 percent growth), liabilities at 7.809 billion manat or $4.59 billion (35.7 percent growth), and the bank's net profit reached 271.551 million manat or $159.7 million (3.18 times growth).
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