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Azerbaijani bank intends to attract funds from American “Export-Import Bank”

Business Materials 16 July 2013 18:44 (UTC +04:00)

Azerbaijan, Baku, July 16 / Trend, A. Akhundov/

Pasha bank intends to cooperate with the US "Export-Import Bank" to finance American projects in Azerbaijan, the Chairman of the Bank Board Farid Akhundov told journalists today.

"The financing of American projects in Azerbaijan is of strategic interest for us. We want to serve more American companies. We haven't cooperated with the "Export-Import Bank" until now. Nevertheless, we are holding negotiations with it now. I suppose that we will launch a joint project soon," Akhundov said.

According to him, these projects are realized in both the oil and non-oil sectors. There are especially, interesting projects in the sphere of agriculture.

"We work with Dutch, Swedish and French companies alongside with it. It is necessary for our clients to use technologies from foreign company's and we fully support them there," Akhundov said.

Pasha Bank JSC was founded in June, 2007 and has operated under license No 250 of the central Bank of Azerbaijan since November 28, 2007. The main goal of the bank is the strengthening of leadership in client service, corporate client relations, the qualitative growth of business in primary directions defined by the strategy, as well as the creation and permanent development of long-term and reliable relations.

Pasha Bank JSC, alongside with Pasha Insurance, PASHA Life, Pasha Travel and Pasha Construction is included in PASHA Holdings, which appears to be an actual investment company, but not a classical holding. The Pasha Group also includes Capital Bank, where 99.75 % of assets goes to the holding.

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