PASHA Bank signs USD 30,250,000 trade-related term loan facility

PASHA Bank ("the Bank"), a leading corporate bank in Azerbaijan, has successfully closed a USD 30,250,000 one year trade-related term loan facility (the "Facility"), the Bank's first international loan arrangement. Baltikums Bank AS, Commerzbank Aktiengesellschaft and Raiffeisen Bank International AG, (collectively the "Mandated Lead Arrangers" and "Bookrunners") acted as joint lead arrangers with Raiffeisen Bank International AG acting as the deal's Facility Agent. .

Farid Akhundov, Chairman of the Executive Board said: "PASHA Bank is enjoying strong support from its core relationship banks, as demonstrated by this first foray into the international loan market despite the uncertainty surrounding the markets in Europe. This is the result of Pasha Bank's growing track record for delivering sound financial results and sustained growth following the successful execution of its business strategy since its recent foundation."