Shareholders

 
Print this
 

ABOUT PASHA HOLDING LLC

Established in 2006, PASHA Holding has built its business on the solid foundation of effective management, strong corporate governance and prudent investment decisions. Via its subsidiaries, PASHA Holding invests in the banking, insurance, construction, real estate development and tourism sectors – key pillars of the developing Azerbaijani economy.

PASHA Holding is one of the largest investment corporations in Azerbaijan. Within a few years from the date of its incorporation in November 2006, the activities of PASHA Holding covered a wide range of production and financial fields. Currently, the Holding operates in insurance, banking, construction, tourism and other sectors. Today, PASHA Holding continues to strengthen its positions in the business community. The investment portfolio of PASHA Holding investment group is comprised of controlling interest and minority private equity investments.

Applying the management principles aimed at sustainable development in its business activities, PASHA Holding places a high value on the role and importance of corporate governance. PASHA Holding LLC, through its business units, invests in the development of banking, insurance, construction, tourism and real estate sectors.

As of December 31st, 2022, the total assets of PASHA Holding stood at approximately USD 11.3 billion, while its capital reached approximately USD 1.43 billion (based on audited IFRS financial statements and the exchange rate is USD/AZN 1.7001).  The group operates in three countries, Georgia being its first geographic expansion, which was followed by Turkey. The total number of employees within the Group exceeds 17,000.

ABOUT PASHA BANK OJSC

PASHA Bank is one of Azerbaijan’s leading corporate banks. Established in 2007, PASHA Bank offers all major financial services, including investment banking, trade financing and asset management to a range of clients, from large corporates to small and medium enterprises. The Bank works particularly closely with companies operating in the non-oil sectors of the economy, including agriculture, transportation, construction and retail, which are vital for helping Azerbaijan to diversify its economy.

PASHA Bank is the largest private bank in Azerbaijan by total equity, and one of the top 3 private banks by assets. As of 1 July, 2023, the Bank’s consolidated assets exceeded AZN* 8,4 billion, its charter capital amounted to AZN 354,511,800 million. More detailed information on the Bank’s financial figures can be found in the ‘Financial Reports’ section.