Standard & Poor's confirmed ratings of PASHA Bank OJSC

Baku. 2 April. REPORT.AZ/ Standard & Poor's International rating agency affirmed again rating of one of the biggest banks of Azerbaijan PASHA Bank as long-term ’BB-’ and short-term ’B’, with rating change outlook as stable, Report informs.

According to a member of the Board, Chief Investment Officer(CIO) of PASHA Bank Taleh Kazimov, confirmation of the rating of the Bank in the current period, when the region is experiencing a rise in macroeconomic risks is proof of the reliability of PASHA Bank: By positioning itself as a reliable financial partner of the real sector, we will continue to support business and contribute to the growth and diversification of the economy of Azerbaijan.

This is the highest rating amongst all private banks in the country with 100% local capital.

PASHA Bank was founded in 2007 and provides a wide range of corporate banking services, including the granting of loans, transactions in the securities market, asset management and treasury services.

PASHA Bank, represented by its head office and 9 business centers, employing over 300 employees.