PASHA Bank, one of the largest financial institutions in Azerbaijan, has been declared ‘The Best Bank in Azerbaijan’ for the second consecutive year at EMEA Finance’s Europe Banking Awards 2015. The awards ceremony took place in Vienna.

As Member of the Executive Board of PASHA Bank Shirin Aliyeva said at the awards ceremony, the Bank views this award as a success not just for the Bank and its staff, but for all its customers.

"Despite the macroeconomic challenges we have faced over the past year, PASHA Bank still demonstrated positive results during 2015. This was largely due to our well-timed assessment of the market’s performance, and the preventive risk management and control measures we took in order to successfully navigate the economic headwinds. We were quick to react and initiated close early dialogue with our customers to identify potential problems for their businesses, which allowed entrepreneurs to not only retain their market positions but to also enhance them, and, as a result, the Bank was able to strengthen the quality of its credit portfolio. Receiving this EMEA Finance Award highlights the level of professional expertise Azerbaijan’s entrepreneurs have access to as PASHA Bank customers. We are delighted that we have once again been recognised by the international financial community and I would like to thank all our employees for their hard work to make 2015 a success,” commented Ms Aliyeva.

In addition to receiving ‘The Best Bank in Azerbaijan’ award at the 2014 Europe Banking Awards, EMEA Finance named PASHA Bank ‘The Best Investment in Azerbaijan’ in 2011, 2012 and 2013. At the2012 awards ceremony, PASHA Bank also received the ‘The Best Corporate Social Responsibility (CSR) Programme in Europe’ award.