PASHA Bank, which has demonstrated consistent growth over the past 10 years since entering the Turkish market, has shared its financial results for the first quarter. According to the announcement, PASHA Bank achieved a 22.9% year-on-year increase in total assets compared to the same period last year.
Operating in the Türkiye-Azerbaijan-Georgia triangle for a decade, PASHA Bank offers a wide range of corporate and commercial banking services including cash and non-cash loans, leasing transactions, project financing, investment loans, forfaiting, receivables financing, and receivables guarantees. Additionally, the bank provides treasury and foreign trade products, and offers transactions in Azerbaijani manat and Georgian lari for its clients operating in those countries. On the investment banking front, PASHA Bank plays a pioneering role in Türkiye’s capital markets, particularly through the issuance and intermediation of debt instruments. Since 2020, it has taken a leading position with the issuance of Asset-Backed Securities (ABS). In 2024, PASHA Bank grew by 30.3% to reach a total asset size of TRY 12.913 billion and has now disclosed its financials for the first quarter.
Stable Financial Growth
In the first quarter, PASHA Bank posted a 22.9% increase in total assets compared to the same period last year, reaching TRY 12.599 billion in assets. The bank also announced a net profit of TRY 137.9 million for the quarter. PASHA Bank stands out with a 25.87% capital adequacy ratio and a 0.38% non-performing loan (NPL) ratio. The bank continues to support the real economy by providing working capital loans, commodity financing, supplier financing, and sell & leaseback solutions—addressing both the short-term financing needs arising from production and trade activities, as well as the medium- and long-term investment financing needs of companies.
Continuing to Support the Private Sector
Having increased its equity by 31.3% to TRY 1.876 billion and its loan portfolio by 17.7% to TRY 8.348 billion, PASHA Bank’s CEO H. Cenk Eynehan commented on the first quarter results: “We anticipate that this will be a year where economic growth will slow down slightly due to ongoing inflation control measures. As a result, we expect lower growth in economic activity compared to the past two years, which will likely increase the demand for short-term working capital financing from financial institutions. At PASHA Bank, we remain committed to standing by our clients and providing them with sustainable financial solutions. While we do not prioritize any specific sector in Turkey, our focus is on fostering sustainable growth through sound business decisions, all while maintaining a balanced sectoral concentration. Rather than selecting sectors, we make it a principle to work with the best players within each sector. Among our specialty offerings, we are particularly focused on project financing—especially in renewable energy—as well as energy, tourism, mining, and construction sectors. In investment banking, our targeted sectors include agriculture, automotive, and retail, where we offer acquisition financing and ABS issuance solutions.”