PASHA Bank allocates 10,000,000 manat for a new project in the non-oil sector
- Ashraf Hajiyev
- Apr 18
- 2 min read
Azerbaijan's leading corporate financial institution, PASHA Bank, continues its initiatives to support the diversification of the country's economy and development of the non-oil sector.
As a further step in this direction, the bank has allocated a loan of AZN 10,000,000 for the construction of a new soft beverage factory of Azerbaijan Coca-Cola Bottlers LLC in Topchu village of Ismayilli region within the framework of the concessional loan mechanism of the Azerbaijan Business Development Fund.
The new factory will have the capacity to produce 165 million liters of soft drinks per year. The launch of the factory will allow creating about 100 permanent jobs in this region.
According to Javid Guliyev, Chairman of the Board of Directors of PASHA Bank, as a reliable financial partner of the real sector of the Azerbaijani economy, the bank will continue to contribute to the strengthening of the country's non-oil sector and development of the real sector.
"In accordance with the priority directions of the socio-economic development of the Republic of Azerbaijan, PASHA Bank constantly participates in projects implemented in the main directions of production, agriculture, transport and logistics, ICT and other non-oil sectors. Bringing international experience and modern technologies to the country, creating new jobs, as well as implementing investment projects that stimulate the development of entrepreneurs in the real sector are among the main priorities of PASHA Bank. I am confident that this project will make a significant contribution to the diversification of the non-oil sector of Azerbaijan," said Guliyev.
Rena Mammadova, General Director of Azerbaijan Coca-Cola Bottlers LLC, noted that this investment marks a significant milestone in the company's development path as it celebrates its 30th anniversary.
“Our new manufacturing facility is a clear indication of our long-term commitment to the country, favorable conditions for foreign business, and our confidence in its future. We are not just a company, but also a reliable partner – committed to creating value for our customers and consumers, empowering our employees, and contributing to the communities we serve. We are proud to take this important step with the strong support of our banking partners,” Mammadova said.
It should be noted that this year, PASHA Bank was declared the “Best Bank in Azerbaijan” by the international publication “International Investor”. The bank was awarded this award for its successes in the non-oil sector of Azerbaijan, as well as its contributions to the sustainable development of the country’s economy, including the real sector and business.
Source of the news: https://az.trend.az/business/4030708.html
Comments