PASHA Bank is one of Azerbaijan's leading corporate banks. Established in 2007, we offer all major financial services, including investment banking, trade financing and asset management to a range of clients, from large corporates to small and medium enterprises. The Bank particularly works closely with companies operating in the non-oil sectors of the economy, including agriculture, transportation, construction and retail, which are vital for helping Azerbaijan to diversify its economy.
PASHA Bank is the largest private bank in Azerbaijan by total equity, and one of the top 3 private banks by assets. As of 31 December, 2017, the Bank's assets exceeded AZN* 4 470 million, while its total capital amounted to AZN 543 million. More detailed information on the Bank's financial figures can be found in the ‘Financial reports’ section.
PASHA Bank is headquartered in Baku and has a total of 6 business centres across Azerbaijan. In 2013, we opened our first office in Georgia and office in Turkey in 2014. Our long-term regional vision envisages creating interconnected banking operations that will facilitate rapidly growing trade and deal flow between Baku, Tbilisi and Istanbul, the three most vibrant markets of the region.
We strive to be the best performing and most reliable bank in our country and we have been recognised internationally for our work, having been named ‘The Best Investment Bank of Azerbaijan' in 2011, 2012 and 2013 by EMEA Finance Magazine. At EMEA Finance Magazine's Europe Banking Awards 2013, PASHA Bank also won the award for ‘Best Corporate Social Responsibility (CSR) Programme'. In addition, our private banking division PASHA Private Banking was named the ‘Best Private Bank in Azerbaijan 2013' by World Finance magazine. Bank also has been named ‘The Best Bank of Azerbaijan' at the EMEA Finance Europe Banking Awards 2014-2015 and has received the Trade Award 2014 from Commerzbank AG for being Azerbaijan's most active bank in the area of trade finance in 2014. PASHA Bank was also selected as the Best Bank in Azerbaijan in 2016 by Global Finance and as the Best Banking Group and the Best Commercial Bank in 2016 by World Finance. In 2017, PASHA Bank has won "Best Bank in Azerbaijan" award from Euromoney financial magazine. EMEA Finance awarded PASHA Bank with "The Best Bank in Azerbaijan", "The Best Investment Bank in Azerbaijan" and "Corporate Social Responsibility in CEE & CIS" within Europe Banking Awards. PASHA Bank was selected as the Best Bank in Azerbaijan in 2017 by Global Finance Magazine. In 2018, PASHA Bank has been awarded the “Best Private Bank” and “Best Bank of Azerbaijan” by Global Finance, “Sap Value Award”, “Best Commercial Bank of Azerbaijan” by World Finance, “Bank of the Year” by The Banker. Moreover, PASHA Bank has been named as the "Leader Bank in the field of non-cash payments" in Azerbaijan within the frame of competition conducted on annual basis by the Central Bank of Azerbaijan together with the Azerbaijan Banks Association among all participants of the banking market.
In addition to international industry recognition, PASHA Bank has received strong ratings from international rating agencies. In 2017, Fitch Ratings affirmed a long-term rating of 'B+' and a short-term rating of 'B', Standard & Poor's reaffirmed the Bank’s a long-term rating of 'BB-' and a short-term rating of 'B' (January, 26, 2018). The bank’s long-term foreign currency Issuer Default Rating (IDR) as and short-term IDR have been reaffirmed as ‘B+’ and ‘B’, respectively by Fitch Ratings in 2018.
Today, PASHA Bank is an international team of more than 760 people. We are constantly working to transform the Bank into one of the biggest and leading financial institutions of the region and to enhance the range of international standard products and services that we already offer.
We are part of PASHA Group, a large investment holding based in Azerbaijan, which has assets across a wide variety of sectors, including retail banking, insurance, construction, construction materials and tourism. As one of Azerbaijan's youngest but largest banks, we constantly keep abreast of financial and technological innovations. We work hard to keep ahead of market trends and adopt international experience and state-of-the-art technology to ensure that we provide the best possible service to our customers.
*1 USD - 1.7 AZN (29.06.2018)