The Azerbaijan-based PASHA Bank will grow 25 percent in Turkey

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Interview: H.Cenk Eynehan

“The Azerbaijan-based PASHA Bank will grow 25 percent in Turkey”

Offering corporate and investment banking service within the triangle consisting of Turkey, Azerbaijan and Georgia, PASHA Bank aims to increase its credit size 25 percent in Turkey in 2017. PASHA Bank Turkey CEO H. Cenk Eynehan says that the bank has grown double in size in Turkey where they have been in operation for two years. Emphasizing that the bank continues its operations in within the triangle of Turkey, Azerbaijan and Georgia, Eynehan says that the trade volume between the countries will increase with the completion of the Iron Silk Road and especially TANAP pipeline in the coming years.

Stating that the realization of transport and energy projects means increase in trade and maximizing synergy, H. Cenk Eynehan says “Within this framework, the amount of resource we transfer to the region will increase. As PASHA Bank, being a national bank, our priority is to increase trade in the region.” Remarking that they have also focused on new strategies in Turkey, Eynehan announces that they are signing a new three-year strategy plan as of this year. Underlining that they act according to their strategy of giving weight to commercial and corporate loans between the years 2015 and 2017, Eynehan says that their target for the new period between the years 2018 and 2020 is set as ‘focused banking’.

Having the long-term credit rating of A(tur) that is confirmed by the credit rating agency Fitch Ratings, PASHA Bank has leapt forward in investment banking by making its first bill export in October 2016. Providing the generation of financial resources to Şeffaf Aparey who operates in the field of orthodontics, PASHA Bank plans to focus on capital investment in the new period.

Remarking that they have doubled the size of the bank within the two years they operated in Turkey, H. Cenk Eynehan says that they carry out studies that create added value in the field of foreign trade. Eynehan says “We have put models aimed at project and enterprise capital into use in 2016. We break new ground in the region covering Turkey, Azerbaijan and Georgia by guaranteeing due debt arising from the sales of our customers within the body of PASHA Bank and also providing financial support.”

Resource: Dünya Newspaper, Azerbaijan Country File,
February 2017

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