PASHA Bank, serving its clients with investment banking and corporate banking products to contribute to the development of trade between Turkey-Azerbaijan-Georgia by providing resources and guidance to the business enterprises in the region, celebrates its 5th year in Turkey.
PASHA Bank, working with the aim of being the “first bank coming to the mind in the region” within the Turkey, Azerbaijan and Georgia triangle, have set out five years ago in Turkey and now celebrates its 5th year of establishment. One of Turkey's leading investment banks, PASHA Bank attracts attention with its steady growth in the past five years. PASHA Bank, which achieved a net profit of 25.7 million TL as of 2019, increased its assets by 28 percent compared to the previous, to 1.7 billion TL. The bank, which managed to grow its net loans and lease receivables by 24.4 percent, reached 1,045 million TL. The Bank will continue its operations in 2020 with the target of effective growth.
PASHA Bank aims to invest in Venture Capital Investment Funds by expanding its activities further in investment banking in 2020. The bank, which started to serve individual customers in the field of Premium Banking this year, has plans to accelerate its efforts in this area, to support the investments of its individual customers, and to increase borrowing and investment diversity.
Turkey, Azerbaijan and Georgia have established trade and cultural bridge between
Jalal GASIMOV, Chairman of PASHA Bank Turkey, celebrating its 5th anniversary; “The values we have acquired in principle since the day we were founded were the most important elements that constitute our essence. I can say that we have steadily progressed in our growth target in the past five years. The key to our success is the ownership of our values, the goals, strategy and vision of our bank. However, from this perspective, we are aware that we can remain dynamic and agile with an open mind for new opportunities and innovations. Through the endless confidence we have in Turkey, with capital increase which is an indication of our permanent presence, did not hesitate when purchasing our building of Directorate General. As PASHA Bank, we will continue to contribute to the Turkish economy and our investments.
PASHA Bank Turkey CEO H. Cenk Eynehan; "Celebrating our 5th year in Turkey and we are pleased to be a dynamic player in today's market and to continue our fast growth on the market. We have realized all our work so far with the goal of creating added value for our stakeholders in the long term, increasing our bank's financial performance and growth. We have gained their trust by being at the center of our customers' financial solutions. Since the day we were founded, we have not only provided financial support to leading institutions in the energy, mining and construction sectors; we have also established trade and cultural bridge between Turkey, Azerbaijan and Georgia. As the PASHA Bank family, we will continue to contribute to the investments that will add value to our economy with our strengthened capital structure, qualified human resources, and the development of the commercial relations of the region”.
Referring to the 2019 data, Eynehan said: “We have left behind an efficient year as of the end of 2019, with a net profit of 25.7 million TL, we have increased our assets by 28 percent compared to the previous year to 1.7 billion TL and our cash loan size is 24.4 percent. We increased the rate of increase to 1,045 Million TL. We aim to continue our efforts with the aim of effective growth in 2020 as well”.
The foundation anniversary was celebrated with a special event
PASHA Bank's 5th year celebrations were crowned with a special event held at the bank's headquarters building. Important names of the business and art world came together in the event where Mert Ege Köse's sculpture ‘Unity' was exhibited.
Expressing his happiness for the 5th year, PASHA Bank Turkey CEO H. Cenk Eynehan said: "We aimed to blend our cultural structure with artistic ties since the first day of our establishment. We took our first step in this issue 3 years ago with the ArTriangle 'City Stories Photography Exhibition', which reflects our common life culture. We share it with the artwork of Mr. Mert Ege, “Unity”, and we thank all our stakeholders and artists for not leaving us alone on this special night”.
Sculpture artist Mert Ege Köse, regarding his work "Unity" relying on the question, "What holds us together?” he explained: "The answer was absolutely ‘belief’. Believing in the job, believing in purpose, believing you can do it, coming together, gathering around a fire, and power, belief, purpose that lifts us out of bed every morning. This is what keeps us together: unity”. Using various materials such as iron, copper and aluminum, Köse expressed: "Bringing together these materials in terms of visual aesthetic and technical point of view was difficult though it was very exciting to work in this integrity for me. When we started to work on this project with PASHA Bank, I got attracted to an important point: three countries’ unity: Turkey, Azerbaijan, Georgia, the countries that share the same geography, common values, and natural beauty even though there are borders between them. This gave direction to my work. On the other hand, it was the factor of faith and passion. At this point, using the fire metaphor, an energy source, was a good example for the concept of unity. Because what you can do with this resource is entirely in your hands… You can illuminate the night with fire, warm up, beat the iron or gather around it, but you can’t do any of them when there is no fire… In summary, the work is the symbol of faith and passion, gathered around the fire, different but together, dynamic but solid, visionary but rooted”.