Azerbaijan's PASHA Bank Negotiating Energy, Green Projects With Partners
“PASHA Bank will soon adapt to global ESG standards, coveringenvironmental, social, and governance issues. These standards willbe implemented in the bank, creating a unique managementstructure.
This will enable us to support and evaluate promising long-termprojects, as well as implement new initiatives. The bank iscurrently negotiating with partners on energy and green projects,striving for sustainable development and the introduction ofenvironmentally friendly technologies," he added.
To note, PASHA Bank continues to strengthen its position in thecorporate banking sector and expand cooperation with leading banks,including establishing direct relationships with correspondentaccounts of US banks.
To note, at the end of 2023, PASHA Bank's assets stood at 8.622billion manat or $5.07 billion (2.2 percent growth), with the loanportfolio at 2.958 billion manat or $1.7 billion (4.7 percentgrowth), liabilities at 7.809 billion manat or $4.59 billion (35.7percent growth), and the bank's net profit reached 271.551 millionmanat or $159.7 million (3.18 times growth).
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