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Azerbaijan’s PASHA Bank eyes to increase SME loan portfolio

Business Materials 25 April 2018 14:57 (UTC +04:00)

Baku, Azerbaijan, April 25

By Ilkin Shafiyev – Trend:

Azerbaijan’s PASHA Bank OJSC intends to greatly increase its loan portfolio in the sector of small and medium enterprises (SME) in the new strategic period covering 2018-2020, PASHA Bank’s SME banking director Aleksandr Golovko said in an interview with Trend.

"We see favorable conditions for business development in all directions in the market," Golovko said. “Corporate banking is the key segment for us. We see the SME sector as an integral part of the ecosystem."

“PASHA Bank also stresses great potential for growth of non-cash payments market in Azerbaijan,” he said.

"Our main task is to maximally convert banking into the digital form, make customer service simple and convenient,” Golovko said. “PASHA Bank successfully operated in the field of non-cash payments in 2017, which has been testified by the recent recognition of our role by Azerbaijan's Financial Market Supervisory Authority (FIMSA). PASHA Bank has been recognized as "Leading bank in the field of non-cash payments in Azerbaijan".

PASHA Bank has been operating in Azerbaijan since 2007.

PASHA Bank is represented in such sectors as insurance, construction, production of building materials, tourism and others.

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