One of the largest local banks Pasha Bank plans to intensify activities in the field of trade finance. Already there are the first fruits - by July 1 of this year the bank performed 100 trade financing operations for 35 million manat, a source in the bank said.
This bank is mainly financed by import operations of its corporate clients, importing, as a rule, industrial and household equipment. The long-term management plans also means the introduction and development of project financing.
In the information noted that if the end of the year will be completed by the formation of project financing, the new year will be possible to run it at first in small quantities.
JSC Pasha Bank was established in June 2007. Its shareholders are two entities and one individual. The bank is a part of Pasha Holding. --17D-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review