Serving as a “financial bridge” within the Türkiye-Azerbaijan-Georgia triangle, PASHA Bank maintained its strong growth momentum from the first half of the year into the third quarter. Announcing its third-quarter financials, PASHA Bank reported a 27.8% growth year-over-year, reaching an asset size of TRY 10.966 billion.
PASHA Bank, which has consistently achieved robust growth each year over its nine years of operation in Türkiye, continues to solidify its presence. Beyond its role as a “financial bridge” for companies aiming to trade and invest within the Türkiye-Azerbaijan-Georgia triangle or expand their business operations, PASHA Bank also upholds a mission to be a strategic guide and partner for these companies in the region. According to its third-quarter financials, PASHA Bank reached an asset size of TRY 10.966 billion, reflecting a 27.8% increase from the same period last year. The bank also achieved a 72.2% increase in equity compared to the same period last year, reaching TRY 1.698 billion. Its loan portfolio grew by 15.4% year-over-year, with a nine-month net profit of TRY 391.3 million. Providing insights on PASHA Bank’s growth performance, General Manager H. Cenk Eynehan stated, “In our strategic period covering 2024-2026, we aim to enhance our role in financing trade within the Türkiye-Azerbaijan-Georgia triangle, prioritizing sustainability Since 2020, we have issued ABSs totaling TRY 3.808 billion, establishing ourselves as a leader in this sector. Since the beginning of this year, we have facilitated TRY 1.655 billion in ABS issuance to support the real sector’s access to finance. Going forward, we will continue to expand our capital market transaction volume to support the real economy. By maintaining our customer-focused approach, we plan to increase both the diversity of financial products and the tailored solutions we offer to meet our clients’ needs.”
A Contribution of $103 Million to Trade Development
Highlighting PASHA Bank's critical contribution to the development of Türkiye-Azerbaijan-Georgia trade, H. Cenk Eynehan stated, “Our bank is the only institution in Türkiye established with majority shareholders based in Azerbaijan. As a part of PASHA Holding, one of Azerbaijan’s leading groups, our bank will continue to provide banking products and services to both local and Azerbaijan- and Georgia-based companies operating in Türkiye, empowered by the strength of our stakeholders. In our strategic period covering 2024-2026, we aim to increase financing and product diversity tailored to our clients' needs with a strong focus on sustainability and a customer-centered approach.” This year, PASHA Bank’s Corporate Governance Compliance Rating increased from 9.39 to 9.41 in a corporate governance assessment conducted by SAHA Rating in August. Additionally, its national credit rating was reaffirmed by JCR Eurasia Rating as A+ (tr) in September.