BAKU, Azerbaijan, Apr.5
By Zeyni Jafarov - Trend:
Azerbaijan’s PASHA Bank expanded the process of providing loans to small and medium-sized businesses (SMEs) in 2018-2020, Taleh Kazimov, CEO and Board Chairman of the Bank said.
Kazimov made the remark at a press conference dedicated to the results of the bank's activities in 2020 and the strategic period of the past 3 years, Trend reports on Apr.5.
According to him, PASHA Bank decided to enter the SME lending market in 2018. Since 2019, the bank's SME loan portfolio exceeded 150 million manat ($88.2 million), meaning multifold growth.
The board chairman noted that the number of entrepreneurs applying to the bank for loans has grown to 9,000.
PASHA Bank successfully implemented its strategy for 2018-2020, and its market share in terms of assets in the banking sector increased from 13 to 17 percent.
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