Standard & Poor's has reaffirmed ratings of PASHA Bank, one of Azerbaijan’s leading banks. S&P reaffirmed its “BB-” long-term IDR rating and “B” short-term rating of PASHA Bank, with the rating outlook as "stable".
Taleh Kazimov, Member of the Executive Board, Chief Investment Officer of PASHA Bank, commented: «Confirmation of the Bank's rating in current conditions, when increase of macroeconomic risks is observed in the region, is a weighty justification of reliability of PASHA Bank. Positioning ourselves as a reliable financial partner of real sector we will continue supporting business and contributing to the growth and diversification of the Azerbaijan' economy».
This is the highest rating among all of Azerbaijan’s private banks with 100% local capital.