Bank Of Baku

Pasha Bank to deepen diversification of investment portfolio this year

Pasha Bank to deepen diversification of investment portfolio this year
# 28 February 2011 14:50 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Pasha Bank intends to deepen the diversification of investment portfolio, this year, Chairman of Board of Directors Farid Akhuundov told APA.

According to him, the investment in bank’s loan portfolio made AZN 156 mln or 15%: “The investment by bank in securities market were conducted mainly on mortgage securities, government bonds, repo operations and CB notes. In general, the YTM of investment portfolio is low and bank intends to deepen the diversification of investment portfolio. Corporate bonds market and financial instruments will be paid attention in diversification of portfolio”.

Remind that, Pasha Bank has been in operation since 2007. The bank operates 6 ATMs and 56 POS-terminals across the country.
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