PASHA Bank, which has been supporting the real sector for the 7 years it has been operating in Turkey, contributing to the development of the Turkish economy and strengthening its position in the Turkish banking sector, obtained a subordinated loan of USD 25 million from its main shareholder PASHA Holding LLC.
PASHA Bank, which set out with the aim of “being the first bank that comes to mind in the Region” in the Turkey-Azerbaijan-Georgia triangle, and completed its 7th year in Turkey, in the field of investment banking, acts as an intermediary in the issuance of capital market instruments such as bonds, bills and ABS, while in the field of corporate banking it serves its customers with cash loans, project finance, leasing, forfaiting, receivables financing, foreign trade financing and non-cash loan products. Contributing to the development of the economy by creating long-term funds for the real sector and financing investment projects, PASHA Bank strengthened its capital structure by obtaining a 25 million USD subordinated loan from its main shareholder, PASHA Holding LLC.
Despite the increasing uncertainty in the global markets, PASHA Bank General Manager H. Cenk Eynehan gave information about the transfer of funds, which shows PASHA Holding LLC's confidence in both the bank and the Turkish economy, and stated the following: “The 25 million USD subordinated loan provided to our Bank by our main shareholder PASHA Holding LLC, as an indicator of the confidence it has in the Turkish economy and its future, is a sign that the growth momentum achieved by our bank will continue in a stable manner in the coming period. As PASHA Bank Turkey, we have been serving with the mission of being the 'financial bridge' and 'the first bank that comes to mind in the region' for companies that want to trade and invest between Turkey, Azerbaijan and Georgia since the day we were founded. We will continue to contribute to the investments that will add value to our country and the development of the commercial relations of the region with this mission we have undertaken and our strengthening financial structure, qualified human resources.”
Credit Rating Agency JCR Eurasia Rating had recently determined PASHA Bank Turkey's long-term national rating as A(tr), short-term national rating as J1(tr) and its outlook as stable.