Trade financing plans of Pasha Bank

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-

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