PASHA Bank, which has been a “financial bridge” for companies that want to trade and invest in the triangle of Turkey, Azerbaijan and Georgia since the 8 years it has been serving in Turkey, and continues to grow day by day, has announced its first quarter balance sheet for 2023. According to the financial results, the asset size of PASHA Bank reached TRY 6 billion 284 million.
PASHA Bank, one of Turkey's leading investment banks with its investment banking, corporate banking and premium banking products, was established to contribute to the development of trade between Turkey-Azerbaijan-Georgia, to create resources and guide the businesses investing in the region, announced its first quarter balance sheet for 2023. According to the financial results, PASHA Bank's asset size was TRY 6 billion 284 million, cash loan size was TRY 3 billion 859 million and total loan size was TRY 4 billion 724 million. Strengthening its financial structure with a USD 25 million subordinated loan from PASHA Holding, its main shareholder, in 2022, the capital adequacy ratio of PASHA Bank was 24.20 percent and its return on equity was 28.70 percent.
PASHA Bank General Manager H. Cenk Eynehan stated the following regarding the subject: “As PASHA Bank, we are in the third and final year of the 3-year strategy period covering the years 2021-2023. In 2023, we aim for 20 percent asset size and 30 percent loan growth compared to the previous year. Our first quarter figures also give the message that we have shown strong growth and that we will meet our year-end targets. Our targets and strategy for 2023 include achieving healthy and sustainable growth, increasing product diversity, strengthening our role in capital markets and increasing our share in foreign trade financing in the triangle of Turkey, Azerbaijan and Georgia.”
PASHA Bank provides services on the corporate and commercial banking side with cash and non-cash loans, leasing, project finance, forfaiting, receivable financing and receivables guarantee products, as well as treasury products and foreign trade products. provides the opportunity.