BAKU, Azerbaijan, May 29. Azerbaijan's PASHA Bank is negotiating energy and green projects with partners, 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.
“PASHA Bank will soon adapt to global ESG standards, covering environmental, social, and governance issues. These standards will be implemented in the bank, creating a unique management structure.
This will enable us to support and evaluate promising long-term projects, as well as implement new initiatives. The bank is currently negotiating with partners on energy and green projects, striving for sustainable development and the introduction of environmentally friendly technologies," he added.
To note, PASHA Bank continues to strengthen its position in the corporate banking sector and expand cooperation with leading banks, including establishing direct relationships with correspondent accounts of US banks.
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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