PASHA Bank’s Turkish subsidiary to increase loan portfolio

Baku, Azerbaijan, Nov. 1

By Orkhan Quluzade, Azad Hasanli – Trend:

PASHA Yatirim Bankasi, a subsidiary of Azerbaijan’s PASHA Bank in Turkey, intends to increase its loan portfolio by 25 percent in 2017, Turkish newspaper Finans Gündem reported citing the bank’s General Manager Cenk Eynehan.

The bank’s net profit amounted to 10 million Turkish liras in January-September 2016, the newspaper reported. As compared to the same period of 2015, the bank’s assets and loan portfolio increased by 35 percent and 50 percent, respectively.

The most important goal in development of investment and banking services in Turkey is to increase the activeness of the Turkish economy and to meet the needs in foreign investments, said the bank’s general manager.

“We try to contribute to industrialization of developing countries, such as Turkey, to improve the welfare in these countries and to create a long term source of investment financing,” Eynehan added.

He noted that PASHA Bank’s priorities in investment banking are consulting services for pooling and investments.

“As for corporate banking, priorities include financing of such sectors as construction, logistics and energy as well as the processing industry and foreign trade operations,” Eynehan added.

Turkey's Banking Regulation and Supervision Agency (BRSA) approved PASHA Bank's purchasing 79.9 percent shares in TAIB Bank, which was renamed to PASHA Yatirim Bankasi, on December 29, 2014. Later, PASHA Bank increased its stake to 99.9 percent. The remaining part belongs to other shareholders.

Pasha Bank is a leading corporate bank in Azerbaijan. The bank, founded in 2007, renders a range of corporate banking services, including issuance of loans, operations in the securities market, asset management, and treasury services.

Zarif meets with Indonesian president
Zarif meets with Indonesian president
Tajikistan, Iran vow to expand mutually beneficial cooperation
Tajikistan, Iran vow to expand mutually beneficial cooperation
Iranian parliament suspends holding plenary session
Iranian parliament suspends holding plenary session
Loading Bars
Latest
Iran's Amirabad port play strategic role in International North-South Transport Corridor
Petrofac sees 10% fall in IES production
Over half of Azerbaijan's 1Q2021 oil exports falls on Italy
Value of Kazakhstan's chemical imports from Turkey up
Weekly review of Georgian's capital markets (April 12 through April 16)
Turkey shares 2M2021data on volume of cargo shipment through Samsun port
Kazakhstan to implement numerous agriculture projects for rural dev't
Turkmenistan restores online sale of railway tickets
Azerbaijani oil prices continue to rise
Azerbaijani Internet provider eyes to upgrade its services
Economic growth forecast for Kazakhstan in 2021 revised up
MOL Group discloses revenues from ACG
Hungarian MOL Group reveals sales from Azeri-Chirag-Gunashli
Kazakhstan's coal extracting venture opens tender to buy specialized vehicles
Uzbek-Chinese JV to buy engine oil via tender
Azerbaijani currency rates for Apr.20
MOL Group details intangible assets in Azerbaijan
Uzbek-Chinese JV to buy spares for gas generators via tender
Turkmenistan to organize two charter flights from Russia
Uzbekistan reveals COVID-19 data for April 20
Iranian currency rates for April 20
Armenia using radioactive substances threatens regional security, says Azerbaijani MP
SOCAR keen on fast decision for Karabagh field’s development
New Turkish ambassador shares photos from Baku (PHOTO)
Oil prices rise on weaker dollar, likely drawdown in U.S. stocks
Georgian TBC Bank shares predictions on country's economic performance
Preventing glorification of Nazism very important issue, said Azerbaijani MP
India records 259,170 new COVID-19 cases, tally at 15,321,089
Japanese researchers develop 5-minute COVID-19 test
STAR Refinery’s digital projects created $35 million worth value in 2020 – SOCAR Turkey (INTERVIEW)
Turkey, Russia, China Georgia's top trading partners in January-March 2021
Kazakhstan reports 2,530 new coronavirus cases, total at 292, 250
Turkey confirms 55,149 new COVID-19 cases, 4,323,596 in total
Argentina registers 20,461 new COVID-19 cases in one day
Bulgarian Ministry talks current transport links to Georgia
6.0-magnitude quake hits 255 km S of Sinabang, Indonesia
Number of COVID-2019 cases across globe up by over 724,000 in past day
EU launches digital platform to involve people in policy-making
OPEC+ ministers can shorten meeting in late April - source
Iraq reports 7,775 new COVID-19 cases, 984,950 in total
Romania, Azerbaijan have untapped potential in bilateral trade relations - ministry
JCPOA Joint Commission to convene on April 20
Zarif meets with Indonesian president
UK records lowest daily coronavirus death toll since September
Turkey holds 75 gigawatts of offshore wind energy potential
Tajikistan, Iran vow to expand mutually beneficial cooperation
Georgia reveals share of domestic exports
President Aliyev inquires on restoration work process in liberated lands
Interest rate unlikely to decrease in Azerbaijan – Unicapital company
New CEO of Azercell Telecom LLC appointed in Azerbaijan
Azerbaijan's Azeronline eyes to expand coverage to remote areas
Azerbaijan discloses volume of exported oil bitumen
Armenia delaying process of restoring communications - Azerbaijani MP
Azerbaijani people won't forget Armenian crimes, but country looking into future - MP
Azerbaijan, Turkic Council reach preliminary agreement on digital co-op (PHOTO)
Azerbaijan Insurers Association talks about current state of COVID-19 products
Housing prices down in secondary market of Azerbaijan’s Baku
Atrocities committed by Armenians have no analogues – journalist (VIDEO)
Azerbaijan’s Bank VTB ends 1Q2021 with net profit
Water and electricity facilities to be put into operation in Iran
Cars re-export sees significant decline in Georgia
Romania has good prospects for reboot of economic co-op with Azerbaijan
Azerbaijan announces 1Q2021 foreign trade turnover figures
Azerbaijani Bank BTB's total liabilities decrease in 1Q2021
Iranian parliament suspends holding plenary session
Azerbaijan shows footage from Ismayilbayli village of Aghdam district (PHOTO/VIDEO)
Visit of Israeli journalists to Azerbaijan’s Aghdam district ends (PHOTO)
Azerbaijan's 1Q2021 petrochemicals production value down
Iran's Energy Exchange announces products to be on sale on April 20
Nobel Oil Services further strengthens its Board of Directors
Lending to industry, manufacturing sector decreases in Azerbaijan
Georgia's car export to Azerbaijan down
Turkmenistan offers business opportunities for Swiss private sector in number of areas
Georgian TBC Bank sees increase in volume of non-performing loans
Shah Deniz to account for major part of 2021 gas output growth in Azerbaijan
Aggregate assets of Azerbaijan's Bank VTB down
Record mortgage taking in Israel in Q1
Israel Hayom newspaper reporter saddened by destroyed mosque in Azerbaijan's Aghdam
Iran's Parliament expects to finalize removal of zeros from national currency
Turkey's furniture, wood exports to Azerbaijan increase
Iran intends to increase exports – Deputy Minister
Iran’s Bahar Azadi gold coin price continues to fall
Iran provides permit to private companies to import COVID-19 vaccine
Kazakhstan's Tethys Petroleum completes private placement with Pope Investments II LLC
Кazakh national telecommunications operator opens tender to buy spares
WB offers Kazakhstan to switch sewage treatment system to market financing
SES connectivity solutions provider to develop satellite-enabled services in Kazakhstan
Belarusian Belavia Airlines extends suspension of flights to Turkmenistan
Gold mining enterprise's construction kicks off in Kazakh Zhambyl region
Azerbaijan gives update on number of vaccinated citizens
Azerbaijan confirms 995 more COVID-19 cases, 1,136 recoveries
Presentation of new equipment in Iran’s electricity sector to be held
‘Lift embargo on vaccine raw material exports’: SII’s Poonawalla requests US President Biden
Indian economy better placed to meet second Covid wave with vaccination drive: CEA
10 Democrats Ask Biden To Back India's Waiver Bid At WTO
‘Utilise entire national capacity for vaccine production’: PM Modi reviews Covid situation
FM: Hopeful of getting rest of vaccine doses from India as scheduled
Iran continues preferential trade talks with five countries
Facebook signs renewable energy deal in India
Iran’s natural gas consumption rises
All news