PASHA BANK ENG 20

PASHA Bank’s Historical Development and Milestones PASHA Yatırım Bankası A.Ş. was established in Istanbul on 25 December 1987 as the first foreign investment bank in Turkey. Being established in İstanbul on 25 December 1987 as the first foreign capital investment bank in Turkey, PASHA Yatırım Bankası A.Ş. has been active in the management of different shareholder groups until 2015. In 2015, the Baku based regional financial institution PASHA Bank OJSC which is a private bank with the highest capital in Azerbaijan, acquired the majority shares and the new title of the Bank became PASHA Yatırım Bankası A.Ş. and the operational name became PASHA Bank. PASHA Holding LLC became the controlling partner in 2018 with 49% of the shares and the paid in capital increased to TL 500 million. PASHA Bank operates from its head office located in Istanbul and has no branch offices. PASHA Bank provides services to entrepreneurs in the fields of corporate and investment banking with the aim of contributing to the development of trade between Turkey, Azerbaijan and Georgia and offering resources and guidance to businesses investing in the region. 1987 PASHA Yatırım Bankası A.Ş. was established in Istanbul as the first foreign-owned investment bank in Turkey. PASHA Bank OJSC, the highest- capitalized private bank in Azerbaijan, became the majority shareholder by acquiring a majority stake in the Bank. The Bank’s name was changed to PASHA Yatırım Bankası A.Ş., and the paid-in capital increased to TL 255 million. The issuance of the first debt instrument was realized by means of a sale to qualified investors. 2015 2016 10 Annual Report 2020 PASHA Bank General Information