Politics

Pasha Bank set to retain a 25% share in the business sector – CFO

“As Pasha Bank, our main goal by the end of this year is to retain a 25% market share in the business sector, and a 14-15% market share of the total loan portfolio,” Bahruz Nagiyev, a member of the Board of Pasha Bank and Chief Financial Officer, has said, Report informs.

In his opinion, the bank fully meets the forecasts.

“We preserve our forecast, there was no deviation from our goal. In the first six months of this year, our income is lower than earmarked the budget. For example, there is a deficit of AZN10 million. The reason for this is difficulties in the agricultural sector.”

Bahruz Nagiyev noted that Pasha Bank has increased investments in foreign products, as the number of the bank’s foreign partners has gone up.

“The Azerbaijani market lacks these products. We are trying to import those products to the country through both corporate and private banking. I should note that the number of our corporate customers in the Azerbaijani market has increased.”

Report

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