Trade investment portfolio of PASHA Bank reached 50 million AZN

As of the 15th of November 2011, the volume of the trade investment portfolio of PASHA Bank reached the level of 50 million AZN (over $ 63,5 million), including the post-financing transactions in the amount of 13 million AZN (over $ 16,5 million). The trade investment portfolio of PASHA Bank mainly comprises stand-by letters of credit (14% of total amount), import letters of credit (30%), internal and external securities (30% and 26% respectively).

During the specified period, the international financial institutions, such as Raiffeisen Bank (25% of total portfolio), Commerz Bank (18%), Landesbank Baden-Württemberg (10%), and Wells Fargo, Bank Asia, Yapi Kredi, Landesbank Berlin AG and Bayerische Landesbank, had become PASHA Bank partners within the framework of trade investment transactions. Main volumes of PASHA Bank's trade operations were performed with such countries as Germany, Japan, Turkey and China and covered such sectors of economy as construction, transport, trade and servicing.

Thus a significant increase of the trade investment portfolio of PASHA Bank is observed during this year: 40 of 64 transactions were implemented over the specified period. While on an annual basis, the trade investment portfolio of PASHA Bank has increased for 79%.