BAKU, Azerbaijan, February 13. The S&P
International Scores company upgraded the outlook for the ranking of
Azerbaijan’s PASHA Financial institution from ‘steady’ to ‘constructive’, Chief
Monetary Officer (CFO) of PASHA Financial institution, Murad Suleymanov, mentioned at an
occasion devoted to the financial institution’s Preliminary Public Providing (IPO),
Development experiences.
In line with him, Moody’s and Fitch Scores additionally positively
assessed the scores of Azerbaijan and PASHA Financial institution.
Suleymanov emphasised that Azerbaijan maintains a steady
financial and political surroundings.
“We see this by way of sustainable financial development within the vary of
2.5-4%. The share of the non-oil sector within the GDP construction is
rising, and this pattern has been occurring for a few years.
As well as, inflation is throughout the financial coverage of the
Central Financial institution,” he famous.
