Baku, Azerbaijan, Aug. 20
By Azad Hasanli – Trend:
The Turkish subsidiary of Azerbaijan’s PASHA Bank – PASHA Yatirim Bankasi – attracted loans worth 66.7 million Turkish liras ($23 million) in 1H2016, says the bank’s financial report.
The total amount of the bank’s loans is 138 million Turkish liras, 92.3 million of which were attracted from abroad, according to the report.
The Turkish subsidiary of PASHA Bank completed the 1H2016 with a profit of 6.6 million Turkish liras, while this figure was 8.8 million liras in 2015.
Assets of PASHA Yatirim Bankasi amounted to 399.2 million liras (including 102.3 million in foreign currency) in 1H2016 that is by 23.8 percent more than in late 2015.
As of July 1, 2016, the bank’s loan portfolio reached 326.8 million liras. During the six months, PASHA Yatirim Bankasi issued loans worth 81.1 million liras. Meanwhile, the bank increased its loan portfolio by 33 percent compared to late 2015. About 118.6 million Turkish liras from the bank’s total loan portfolio were allocated for financing of business, 8.6 million liras – for export operations and others.
Liabilities of PASHA Yatirim Bankasi are equal to its assets – 399.2 million liras (an increase by 23.8 percent since early 2016). During the reporting period, the bank had 10.01 million liras obtained on repurchase agreements. Moreover, in late 1H2016, the bank had tax debts of 1.46 million Turkish liras.
The authorized capital of PASHA Yatirim Bankasi is 255 million Turkish liras.
PASHA Bank is a leading corporate bank of Azerbaijan. The bank that was founded in 2007, provides a range of corporate banking services including issuing of loans, operations in the securities market, asset management, and treasury services.
