PASHA Bank, one of Azerbaijan's largest banks, has signed a Memorandum on Cooperation with Barama, a business incubation centre supported by Azercell, Azerbaijan's leading mobile operator. The overall objective of this partnership is to implement joint projects that focus on developing innovation-oriented entrepreneurship in Azerbaijan and expanding the non-oil sector of the economy, particularly the ICT industry.
The international ratings agency Fitch Ratings ("Fitch") has upgraded the long-term foreign currency Issuer Default Rating (IDR) of PASHA Bank, one of Azerbaijan's largest banks, to ‘BB-' from ‘B+'. Fitch also affirmed PASHA Bank's short-term IDR at ‘B' with a stable outlook.
PASHA Bank, one of Azerbaijan's largest banks, has held an Open Day for students of the ‘School of Young Entrepreneurs' summer school with the support of the ‘Business-Dialogue' business club.
On August 22, 2015, Embawood LLC fully fulfilled its financial obligation on its AZN 10 million bond issue. The bonds were issued on the Baku Stock Exchange in August 2014 by PASHA Bank, one of Azerbaijan's largest banks, for a one-year term.
The British Council and PASHA Bank is pleased to announce the continuation of the training programme for journalists covering business topics in media. This is a unique project aimed at strengthening professional competencies and skills of the national media through a special training programme tailored to the needs of the selected journalists.
PASHA Bank, one of Azerbaijan's largest banks, supported a contest for students of the Azerbaijan State University of Economics, which was held on 15 July, 2015. The event was organised in conjunction with the State Committee for Securities of Azerbaijan Republic (SCS).
PASHA Bank's Shuvelan Business Centre, located at 68 A. Ildirim Street in Baku, has reopened following renovation. The Bank's directors and employees attended the opening ceremony.
PASHA Bank was the main sponsor of the American Chamber of Commerce's (AmCham) 20th Annual Independence Day picnic, held on 11 July, 2015 in Baku. The event provided an opportunity for local business representatives to engage with one another in an informal setting and was attended by over 1000 people.