Composition of Strategy and Budget Committee
1. PASHA Holding, Director of Strategy Management Department, Teymur Huseynov – Chairman
2. PASHA Holding, Senior specialist, Group Finance-Business, Ruslan Hasanov – Member
3. PASHA Holding, Treasury and Budgeting Manager, Afgan Afganli – Member
4. PASHA Holding, Chief Accountant – Khayal Baghirov – Member
5. PASHA Holding, Director of Macroeconomic Research Department, Elman Eminov – Member.

Functions of the committee:
3.1. Create forms - sample reports and other documents related to the activities of the
Committee;

3.2. In connection with the Bank's Business Plan:
• Provide feedback and suggestions to the Supervisory Board concerning the business plan composed by the Executive Board;
• Provide feedback and suggestions to the Supervisory Board in connection with the execution of the Business Plan as a result of the submission of monitoring reports;
• Provide feedback and suggestions to the Supervisory Board in connection with the proposed amendments to the Business Plan of the Bank by the Executive Board;

3.3. In connection with the Bank's budget:
• Send comments and suggestions to the Supervisory Board according to the presented budget projects;
• Review monitoring reports in connection with the execution of the budget, as presented by the Executive Board, direct to the Supervisory Board and to compile a report on a quarterly basis for the analysis of the main reasons for deviations;
• Send suggestions to the Supervisory Board in order to increase efficiency and achieve budget targets.