PASHA Bank announces targets for 2020

PASHA Bank announces targets for 2020
  • Clock-gray 09:33
  • calendar-gray 01 May 2018

‘Number of legal entities in bank in 2017 increased by 45% to 5,000 people, operations with legal entities grew by 70% to 363,000 payments’, Taleh Kazimov, CEO and chairman at Pasha Bank, said on May 1.   

 

According to him, total circulation rose by 35% to 30-35% of GDP: ‘Currently, the plan is to extend our portfolio on small and medium business to AZN 170 million from AZN 25 million. By 2020 we intend to increase total portfolio to AZN 2 billion from AZN 1 billion, assets to AZN 5.2 billion’, Kazimov said.

 

He added that 90% of all operations will be digitalized by 2020. Along with this, the bank will expand its branch network. 

Other news