Adherence to compliance standards in Azerbaijan affects not only business profitability, but also int'l reputation of brand - PASHA Bank

One of the leading experts on compliance, Chief Director of Compliance and Management of PASHA Bank, Chairman of the Compliance and Anti-Money Laundering Working Group at the Azerbaijan Banks Association, Anar Karimov, has given an interview to Trend about how the compliance area is developing in Azerbaijan and what prospects are opening up for companies implementing this function.
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Over 40% of Azerbaijani Pasha Bank’s loan portfolio accounts for trade & services

The share of loans issued in the field of trade and services, accounting for 41.3 percent of the total loan portfolio of Azerbaijan’s Pasha Bank for 2018, increased by 47.3 percent, reaching 715.5 million manats, Bahruz Nagiyev, chief financial administrator, as well as a member of the bank’s board, said at a conference on the results of the bank’s work in 2018, told Trend May 21.
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