Fitch analysts noted in a press release issued yesterday that confirmation stability rating and issuer default rating Pasha Bank is its strong capitalization, good liquidity and manageable asset quality metrics. In addition, it is noted that the bank's non-performing loans is low - 4.3% of total loans at the end of the first half of 2014.
"Currently, the bank has limited potential stability rating. However, it can be increased if after the planned expansion abroad the bank's ability to absorb losses remains high," said the agency.
JSC Pasha Bank was established in June 2007. The shareholders are two entities and one individual. The bank is included in the structure of Pasha Holding. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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