PASHA Bank, one of Azerbaijan's largest banks, 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's trade finance volume grew to AZN 109 million in 2014, compared to AZN 34 million in 2013.

Taleh Kazimov, member of the Board at PASHA Bank, commented: "Receiving this award from one of the world's leading financial institutions demonstrates how PASHA Bank is providing trade financing services of the highest quality. PASHA Bank and Commerzbank have already been cooperating in trade financing for several years, and I am sure that our banks' international collaboration will only strengthen in the future."

The award was presented to PASHA Bank by Commerzbank's representative at the European Bank for Reconstruction and Development's Annual Meeting of the Board of Governors, held in Georgia on May 14-15.