PASHA Bank

“PASHA Bank” OJSC which is part of “PASHA” group of companies was organized in June 2007 and is operating under the license dated 28 November 2007 No 250 issued by the Central Bank of the Republic of Azerbaijan. It was registered on 18 June 2007 by the Certificate No 1107-AZ-455 on Legal Persons’ State Registration, and entered into the State Registry of Registration units by the Certificate No0097421 dated 23 August 2007.

The Bank’s official auditor Ernst & Young and tax consultant PriceWaterhouseCoopers are international audit companies.

“PASHA Bank” OJSC has membership with the Deposits Insurance Fund, Azerbaijan Banker’s Association, Baku Inter-bank Stock Exchange (Certificate NoFX-96, 27 June 2008), AMCHAM, the National Entrepreneurship Support Fund of Azerbaijan Republic and Azerbaijan Mortgage Fund.

The Bank has joined the local payment systems AZIPS and XÖHKS and the international payment system SWIFT.

“PASHA Bank” OJSC has established broad correspondent relationships with a number of financial institutions and credit organizations.

In terms of the volume of paid-in capital (123.4 million AZN) the Bank is the second largest in the domestic market. The total number of its shareholders comprises 2 legal entities and 1 physical person. The Bank’s management structure is as follows: Shareholders’ General Meeting, Supervisory Board, Audit Committee and Management Board.

At present, the Bank operates a head office and two departments. The total number of the Bank’s staff is 143.