No need to attract syndicated loan – Azerbaijan’s PASHA Bank (UPDATE)
Details added (first version posted on 10:20)
Baku, Azerbaijan, March 11
By Azad Hasanli - Trend:
Azerbaijan's PASHA Bank doesn't plan to attract syndicated loan in the near future, head of the bank's board Taleh Kazimov told reporters March 11.
"Currently, the bank's liquidity is high enough and we don't plan to attract syndicated loan at least in the first half of 2016," he said. "Possibly, we will consider this issue in 2017."
The fixed capital of PASHA Bank stood at 343.83 million manats, while its total capital was 355.27 million manats as of late 2015.
The official exchange rate on March 11 is 1.6456 AZN/USD.
Its assets totaled 2.14 billion manats in 2015. The bank got 2.99 million manats of net profit as of 2015.
PASHA Bank is one of the leading corporate banks of Azerbaijan. Established in 2007, it offers all major financial services, including investment banking, trade financing and asset management to a range of clients.