trade finance

PASHA Bank Has No Plans to Buy Banks, Focuses on Azerbaijan-Turkey-Georgia Trade

PASHA Bank Deputy Chairman Bahruz Naghiyev said the bank has no plans to acquire local or foreign banks. Its main strategy is financing trade between Azerbaijan, Turkey and Georgia.

TuranBank and ITFC Continue Successful Cooperation in Trade Finance

TuranBank has drawn down another $2 million tranche under a $10 million financing agreement with the International Islamic Trade Finance Corporation (ITFC), bringing total disbursements to $5.5 million.