PASHA Bank has been named “The Best Investment Bank of Azerbaijan” for the third time

PASHA Bank, one of Azerbaijan's leading corporate banks, has been named "The Best Investment Bank of Azerbaijan" at EMEA Finance Magazine's Europe Banking Awards 2013 for the third consecutive year. The official awards ceremony took place in Warsaw (Poland).

Leading international financial experts, financial analysts and banking consultants voted to select the winners of Europe Banking Awards. A range of criteria was used to analyse the banking sectors of the different developing countries assessed at the awards, including asset growth, yield, development of strategic relations, customer service quality, competitiveness, and the range of innovative products available.

Taleh Kazimov, Member of the Executive Board and Chief Investment Officer (CIO), commented: "In addition to previous issues, in 2013 we have successfully underwritten 6 more public bond issues in total amount of 41.4 mio AZN (approximately 53 mio USD) and have been providing market making services on secondary market for all of them as well. This is evidenced by PASHA Bank’s local corporate securities turnover (excluding AMF bonds) in amount of about 113 mln AZN (about 144 mln USD) in secondary market which is significantly higher than 2012’s turnover. We are delighted that we have once again been recognised by the international financial community as Azerbaijan's best investment bank. As in previous years, we view this award as a success for all our customers, and not just for the Bank and its team. We hope that our future achievements in the banking sector will benefit not just our customers and partners, but also Azerbaijan's wider economy."