BAKU, Azerbaijan, November 23. Considering the geopolitical and geoeconomic changes as well as the inflation trends and growth of interest rates of world central banks, PASHA Bank's investments are carried out in cash, Trend reports referring to the Deputy Board Chairman of PASHA Bank, Bahruz Naghiyev.
According to him, the strategy is related to the unstable situation in the global financial market.
"We follow a monitoring strategy, observe the inflation and interest rates. In case the interest rates become more stable or reduced, we may review our investment policy. I would like to note, that this strategy is applicable only to long-term investments. The short-term investments remain unchanged," Naghiyev added.
The PASHA Bank's investments from January through June 2022 increased by 22 percent in comparison with 2021 and totaled 1.2 billion manat ($705 million). Dollar investments decreased by 38.5 percent from $738,451 to $453,791. Euro investments decreased by 85.7 percent, from 27,418 euros to 3,929 euros. The return on investments decreased by 4.4 percent - to 3.72 percent.