LLC Pasha Development has increased the capital from 16 million AZN to 59 million AZN. For the two and a half years of operation the company's capital increased by 3.6 times.
This capital can be the envy of many commercial banks of the country who are struggling to raise their capital to comply with the minimum amount of aggregate capital of 50 million manat.
Ltd. Pasha Development was founded by the group of companies Pasha Holding in June 2012. The office is located in the towers Baku Port.
It is noteworthy that Pasha Holding did not include Pasha Development in the portfolio of companies it manages.
The holding was founded on 1 November 2006 and operates in insurance, banking, real estate development, tourism and other business spheres. In 2013, the capital of the Group amounted to 572 million manat, while total assets were estimated at 2.6 billion manat. -----08B
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