BAKU, Azerbaijan, June 10. PASHA Bank’s investment activities in the development and infrastructure sectors of the Karabakh and East Zangazur regions have been revealed, Trend reports citing the bank’s annual report.
The report notes that partner companies operating in Karabakh have signed contracts totaling 5 billion manat ($2.9 billion) since 2021. Within these projects, PASHA Bank has provided financing amounting to 300 million manat ($176.4 million). Of this, 200 million manat ($117.6 million) consists of non-cash obligations such as guarantees and collateral, while 100 million manat ($58.8 million) was provided as cash financing through loans and credit lines.
The non-cash obligations were offered via guarantee and collateral mechanisms during project implementation. It was also noted that although some major projects did not require direct guarantees, the bank indirectly supported them financially through subcontractors.
The report emphasized that financing tourism and service infrastructure contributes to restoring the business environment in culturally and historically significant areas and supports increased regional economic activity.
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