Published: April 22, 2013
Azerbaijan's Pasha Bank has signed its debut international loan, securing US$30.25mn for trade-related activity.
In a statement to announce the deal, Farid Akhundov, the bank's chairman, said: “Pasha Bank is enjoying strong support from its core relationship banks, as demonstrated by this first foray into the international loan market despite the uncertainty surrounding the markets in Europe.”
The one-year loan was arranged by Baltikums Bank, Commerzbank and Raiffeisen Bank International.