Composition of Audit Committee

1. Parvin Ahadzade - Chairman of the Committee

Tenure: Appointed to the Committee on November 1, 2016

Parvin Ahadzadeh obtained a Bachelor’s Degree in International Economic Relations with distinction from the Azerbaijan State Economic University (ASEU) in 2002. In 2004, he also graduated with distinction from the International Economic Relations of the ASEU with a Master of Science.

Between 2003 and 2004, he served as a VIP Manager at the Customer Service Department of “Ata Bank” OJSC in Baku. In 2006-2015, P. Ahadzadeh worked at the Central Bank of Azerbaijan Republic: he first served as an economist, leading economist and team leader at the Banking supervision department from 2006 to 2013 and then as a head of On-site supervision division of the same department in 2014-2015.

He is the Chairman of the Audit Committee of “PASHA Bank” OJSC from November 2016.

Tel: (+994 12) 496 50 00
E-mail: office@pashabank.az

2. Jamil Mammadov - Member of the Committee

Tenure: Appointed to the Committee on 01 October 2014

In 2008 Jamil graduated from Azerbaijan State Economic University with Bachelor Degree in State Regulation of Economy. In 2010 he graduated with honors from Azerbaijan State Economic University with Master Degree in State Regulation of Economy.

In 2011 he earned Master degree in International Business Economics graduating with honors from City University London at London in the United Kingdom.

During 2006-2010, Jamil served as Leading Specialist with AGBank OJSC in Baku. In 2011 he was promoted and appointed Deputy Director of branch with AGBank OJSC until 2013. During 2013-2014, Jamil worked as Audit Assistant in KPMG Azerbaijan Limited.

In 2014 he was appointed Senior Specialist of the Audit and Monitoring Department at PASHA Holding. Jamil Mammadov became a member of the Audit Committee at PASHA Bank on 01 October 2014.

Tel: (+994 12) 496 50 00
E-mail: office@pashabank.az

3. Ramil Heydarov - Member of the Committee

Tenure: Appointed to the Committee on 1 November, 2016

Ramil Heydarov graduated from the Finance & Credit faculty of the Azerbaijan State Economic University (ASEU) with a Bachelor’s degree in 2007. In 2009, he obtained a Master’s degree from the ASEU in the same specialty with distinction.

From 2008 to 2011, R.Heydarov worked as a specialist of Operations Department in Access Bank CJSC. From 2011 he continued his career in one of the Big 4 audit companies, Ernst & Young and worked there until 2015. R.Heydarov started as an audit staff and during his career promoted to senior auditor.

Starting May 2015, R.Heydarov works for PASHA Holding in the Group Audit Department. R.Heydarov is a member of the Audit committee of PASHA Bank since November 1, 2016.

Tel: (+994 12) 496 50 00
E-mail: office@pashabank.az

1. Organization and role of the Audit Committee
1.1. Audit Committee is a governing body that regulates the audit work in the Bank and exercises control over the Bank's financial and economic activities.
1.2. The Audit Committee through the Bank's internal audit department monitors directly the Bank's compliance with regulatory and legal acts, internal procedures, rules and regulations on the Bank's financial and economic activities.
1.3. The Audit Committee oversees the compliance of the Bank's structural subdivisions and employees, affiliates and representative offices with the requirements of the legislation with a systematic approach to the assessment and development of the risk management, control and management efficiency.
1.4. The Audit Committee assists the Supervisory and Executive Board in ensuring the existence and adequacy of the Bank's proficient control system.