PASHA Bank is a leading investment and corporate bank in Azerbaijan. Established in 2007, it provides a range of corporate banking services, including loans, securities, current account and treasury services, to both its domestic clients and also foreign companies looking to do business in the region. The Bank offers a range of financial products backed by trade finance-related partnerships with international banks and financial institutions. The Bank also offers underwriting services to legal entities and is the first in the local securities market to act as a market maker.
PASHA Bank has also been offering private banking services to HNWIs since 2011 that include deposits, loans and financial planning.
PASHA Bank employs circa 321 people across its head office, four branches in capital city and two regional branches in Ganja and Zaqatala cities. In February 2013 the Bank has opened its first subsidiary bank, PASHA Bank Georgia, which currently employs 55 people. In December 2014 the Turkish regulatory body has granted PASHA Bank with permission to start operations in Turkey.
PASHA Bank was declared “The Best Investment Bank of Azerbaijan” in 2011, 2012 and 2013 by international financial journal, EMEA Finance and “The Best Investment Bank of Azerbaijan” by International Finance Magazine in 2013. It has also been awarded with "The Best Corporate Social Responsibility (CSR) Program in Europe" by Europe Banking Awards in 2012. BNE survey has called PASHA Bank “The Best Bank of Azerbaijan” in 2012 and the World Finance has awarded PASHA with “The Best Private Bank” award in 2013. In 2014 PASHA Bank has been named as “The Best Investment Bank” and “The Best SME Bank” by the International Finance Magazine (IFM) Financial Awards and has received three accolades from the World Finance Awards as “The Best Commercial Bank in Azerbaijan”’, “The Best Banking Group in Azerbaijan” and was given “‘The Best Private Bank in Azerbaijan” award for the second consecutive year. PASHA Capital was announced as Best Broker in Azerbaijan by EMEA Finance in 2013. PASHA Bank Georgia was named as the Bank of the Year at 2014 Caspian Energy Forum.
In September 2012, PASHA Bank has been assigned with “BB-” long-term and “B” short-term counterparty credit ratings with stable outlook by Standard & Poor’s, an international credit rating agency which was reaffirmed in December 2013 and in December 2014. This is the highest rating assigned to an Azerbaijani commercial bank with 100% local capital.
PASHA Bank is a part of PASHA Group, a major investment holding group in Azerbaijan, which also includes significant assets in insurance, property development, construction, tourism and other businesses. Kapital Bank, one of the largest retail banks in Azerbaijan, is also owned by PASHA Group.http://www.pashabank.az