Azerbaijani bank to increase commercial financing portfolio

Business Materials 18 March 2010 15:25 (UTC +04:00)

Azerbaijan, Baku, March 18. / Trend N. Ismayilova /

The Azerbaijani Pasha Bank intends to increase its commercial financing portfolio to 60 million manats, the bank's CEO Farid Akhundov said.

"The bank has intensified its cooperation with international financial institutions. This year we intend to attract trade lines in a much greater size than previous years," Akhundov said.

According to him, commercial financing is a key direction of the bank.

"There are perspectives for increasing the commercial financing portfolio at least twice this year," he said.

Pasha Bank was established in June 2007.

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