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Azerbaijan’s PASHA Bank discloses asset growth forecasts

Business Materials 4 October 2017 11:36 (UTC +04:00)

Baku, Azerbaijan, Oct. 4

By Anvar Mammadov - Trend:

Azerbaijan’s PASHA Bank expects its assets to increase up to 3.8 billion manat till late 2017, Hayala Nagiyeva, member of the bank’s executive board, said.

Nagiyeva made the remarks at a press conference in Baku Oct. 4 dedicated to the bank’s activity in January-June 2017.

"We think we can bring the bank’s assets up to 3.7-3.8 billion manat till late 2017,” she said. “Of course, we would like the assets to exceed $4 billion."

Touching upon the loan portfolio growth forecasts, Nagiyeva said that it is planned to reach 1 billion manat till late 2017.

"You can say that our portfolio exceeded 1.3 billion manat as of January-June 2017,” she said. “But this is a consolidated figure. Moreover, following the reporting period we made several big payments, so now we need to advance to reach the target."

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