PASHA Bank, who completed its 5th year in Turkey, continued its stable growth in 2020 as well. In spite of the pandemic, it increased its asset size to 2,179 million TRY by a growth of 26%, and it increased its cash loans to 1,493 million TRY by a raise of 37% compared to 2019. PASHA Bank, whose Long-Term National Credit Rating is raised from “BBB+” to “A-“ by, International Credit Rating Agency Fitch Ratings, declared its net profit as 31,4 million TRY by increasing by 22% compared to the previous year.
PASHA Bank, who provides service by investment banking and corporate banking products to make a contribution to the development of trade between Turkey-Azerbaijan-Georgia, and to provide sources and guidance to entities that make investment in the region, continues its stable growth, which it has been achieving since 2015, in 2020 as well, in spite of the pandemic that affected the whole world. PASHA Bank, who celebrated 5th year of its incorporation in March 2020, declared its financial figures for 2020. In 2020, PASHA Bank increased its asset size to 2,179 million TRY by a growth of 26%, and it increased its cash loans to 1,493 million TRY by 37%, and it increased its net profit to 31,4 million TRY by of 22% compared to the previous year.
PASHA Bank, whose Long-Term National Credit Rating is raised from “BBB+” to “A-“ by , International Credit Rating Agency Fitch Ratings, outlook is declared as stable. According to the statement made by Fitch Ratings, the fact that it has a strategic importance of Turkey to its shareholders and expectation of continuation of its solid financial support by the shareholders have been effective in the increase of its credit rating.
PASHA Bank varied its funding structure by being engaged in bond and sukuk issuance in Turkish Lira, and by being engaged in bond issuance in USD and Euro in Azerbaijan until today, and the amount of borrowing that is realized by such issues reached to the amount of 687 million TRY by an increase of 44% compared to the previous year.
PASHA Bank made investment in technology-dominated Venture-Capital Investment Funds in 2020, and intermediated to obtaining funds from capital markets by issuing Assed-Based Securities in the same period, and ensured that its clients, who are engaged in business activities in agricultural and automotive sectors, gained access to a financial resources with the amount of 90 million TRY. It lead the way in Capital Markets thanks to Asset Backed Securities it issued based on its multiple collateral structure. In the direction of its three-year strategy that covers the period between 2021 and 2023, PASHA Bank shall continue to play an effective role in making sure that the reel sector meets with financial resources