In line with its steady growth target, PASHA Bank grew by 28 percent compared to the previous year, increasing its asset size to TL 1,7 billion and increasing the size of cash credits by registering an increase of 28 percent. PASHA Bank’s net profit for 2019 was TL 25,7 million.
Providing its customers with corporate banking and investment banking products services to contribute to the development of trade between Turkey, Azerbaijan and Georgia and to provide guidance to businesses investing in the region, PASHA Bank maintained its steady growth.
Increasing its gross operating profit by 25 percent from TL 83 million to TL 104 million, the Bank achieved a net profit of TL 25,7 million by the end of 2019. PASHA Bank increased its asset by 28 percent compared to the previous year and increased it to TL 1,7 billion while increasing the size of cash credits. /
Fitch Ratings has affirmed PASHA Bank’s National Long-Term Rating at 'BBB+(tur)' and outlook “Stable”.
Celebrating its 5th year in Turkey, PASHA Bank continues operating at its new head office building on Buyukdere Street.
The Bank aims to make investments in Venture Capital Investment Funds by expanding its activities in Investment Banking in 2020.