Baku, Azerbaijan, Feb. 1
By Anvar Mammadov - Trend:
Presently, the main strategic goal of PASHA Bank OJSC is to contribute to the development of Azerbaijan’s non-oil sector by rendering services to corporate clients in this sector, Taleh Kazimov, CEO and chairman of the bank’s board, said in an interview with Trend.
He said that since its foundation in 2007, PASHA Bank has focused on rendering services to the real sector of the economy.
“Any segment of the economy that represents the non-oil sector is an equal priority for us,” he noted. “We actively supported both the agriculture sector and entrepreneurs engaged in business in such sectors as logistics, transport, construction, tourism, ICT, therefore, the adoption of strategic road maps for the development of key sectors of the economy in Azerbaijan has confirmed that the activity direction chosen by us was correct.”
“Considering the abovementioned, we have quite a diversified loan portfolio - just over 20 percent of the loan portfolio to date accounts for projects being implemented in the construction sector, and 15-20 percent accounts for each of the remaining spheres,” he said.
He added that at the same time, the bank supports Azerbaijan’s oil sector as well.
“In 2015, against the backdrop of market turbulence, the demand for quality banking services also grew on the part of companies engaged in the oil and gas sector,” said Kazimov. “Given this fact, we decided to support this sector as well by providing this category of customers mainly with cash settlement service in their daily operations.”
PASHA Bank renders a range of corporate banking services, including issuance of loans, operations in the securities market, assets management, and treasury services.