PASHA Bank`s loan portfolio grew by 23% - Bahruz Nagiyev


October 8, Fineko/abc.az. The overall assets of PASHA Bank increased by 13%.

ABC.AZ reports that the statement was made by Bahruz Nagiyev, Chief Financial Administrator of PASHA Bank, at a press conference dedicated to Bank’s financial results as of 30 June 2019.

He noted that this figure is the result of the 2018 same term. According to Nagiyev, the Bank he represents is estimated by international organizations as BB-.

"And this, of course, is the best indicator in the banking sector. Currently, our Bank is in Top 5 of banks in Azerbaijan. Compared to June 30, 2018, in the same period of this year the growth was recorded in our loan portfolio. Our loan portfolio grew by 23% and reached AZN 1.9 bn. The growth of confidence in the banking sector is observed with the growth in customer accounts. As I have already noted, this is linked with the growing interest of customers in the banking sector."

By Elmir Murad