BAKU, Azerbaijan, May 29. Over the past three years, PASHA Bank has issued loans worth about 120 million manats for projects in the liberated territories of Azerbaijan, Chairman of the Executive Board and Chief Executive Officer at PASHA Bank Javid Gouliyev said during a press conference dedicated to the results of 2023, Trend reports.
“Over the past three years, PASHA Bank has issued loans worth about 120 million manat ($70.5 million) to the liberated territories of Azerbaijan, as well as issued guarantees for several other projects,” 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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