The following three institutions joined ITFA during the month of March.

Pasha Yatirim Bankasi A.S. established in Istanbul on December 25, 1987 with the title of Yatirim Bank A.S.

Pasha Bank operates in two main fields, which are corporate banking and investment banking.

Until year 2015, the Bank was controlled by various groups, but in December 2015, 99.92% of its shares were transferred to PASHA Bank OJSC, a financial organisation of the region which has its head office in Baku. As of May 2018, the shareholding structure of the Bank changed and thereupon 51 per cent of the shares were acquired by PASHA Bank OJSC, and 49 per cent by PASHA Holding LLC.

From March 2015 until now, PASHA Bank has been running its operations from its head office located in Istanbul and has no branch office.

Pasha Bank provides services to entrepreneurs through its corporate and investment banking products, to contribute to the development of trade between Turkey, Azerbaijan and Georgia, and to provide resources and guidance to businesses investing in the region.

Ahmet Kucukasci will be the main contact person for all ITFA related matters.

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier commercial bank and most valuable banking brand. With over 10 million active customer accounts and more than 750 business locations, FBN provides a comprehensive range of retail and corporate financial services to customers and investors wishing to explore the vast business opportunities available in Nigeria and their business locations across Africa, Europe, Middle East and Asia.

To live their promise of ‘YOU First’, they design products and services to support your personal, family and business needs. Their array of products – cards, channels, transfer services, loans & advances, deposit products, guarantees, distributorship financing, cash management, Structured Trade Finance and foreign trade service – create convenience for your transactions, empower your businesses and offer flexibility of choice. They are leveraging on technology to drive optimised and cost effective service delivery, enhance transaction efficiency, risk management as well as entrench collaboration, innovation and creativity across the group.

Ikenna Egbukole will be the Main contact person for all ITFA related matters.

Fineon Exchange provides optimised funding and insurance coverage for the receivables of European companies exporting to emerging and developing countries by matching Exporters with local, regional and global funders and insurers.

Fineon Exchange is a multi-currency online marketplace platform, where Exporters are matched with the most appropriate funders and insurers. The platform provides Exporters with enhanced credit risk mitigation through its credit insurance proposition resulting in optimised export financing solutions.

Herve Grosjean will be the main contact person for all ITFA related matters.