PASHA Bank Unveils Amount Of Loans Allocated For Projects In Azerbaijan's Liberated Territories

2024-05-29 09:21:32

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 29. Over the past threeyears, PASHA bank has issued loans worth about 120 million manatsfor projects in the liberated territories of Azerbaijan, Chairmanof the Executive Board and Chief Executive Officer at PASHA BankJavid Gouliyev said during a press conference dedicated to theresults of 2023, Trend reports.

“Over the past three years, PASHA Bank has issued loans worthabout 120 million manat ($70.5 million) to the liberatedterritories of Azerbaijan, as well as issued guarantees for severalother projects,” he said.

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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