PASHA BANK ENG 20

Activities of PASHA Bank in 2020 PASHA Bank stays close to technology-focused firms and aims to develop new products and services for the Bank via these companies. issuance Within the framework of the strategy for fund diversification sources, PASHA Bank pursued domestic financing bond issues also in 2020 with various terms and realized its first sukuk issuance. types of ventures, the Bank aims to monitor new trends and companies with successful performances more closely and become an intermediary in their growth and gaining access to the global arena through investment banking operations. Recently, banks operating as technology firms are critical in maintaining their presence. Hence, PASHA Bank stays close to technology-focused firms and aims to develop new products and services for the Bank via these companies. PASHA Bank considers that such ecosystems that are being supported by all stakeholders in the society are useful for developing operations as well as providing contribution to the society. The Bank took the first steps within this framework by investing in two Venture Capital Funds, one established abroad and one being domestic. US Dollar bonds issued by PASHA Bank are traded on the Baku Stock Exchange and used for repo transactions in the Baku Stock Exchange Repo Market. PASHA Bank serves leading corporate firms to gain access the financing they need with an optimal model under “Mergers and Acquisitions”. Advisory services are provided based on the needs of the companies, acting as an intermediary for financial and strategic partnerships or purchases and sales of assets. Within the scope of investment banking operations in 2020, the Bank provided funds by performing intermediary services in debt instrument issuances. In line with its vision for being more active on this area in the coming years, the Bank plans to support more companies on this area. Within the framework of the strategy for fund diversification sources, PASHA Bank pursued domestic financing bond issues also in 2020 with various terms which were initiated in 2016. This year, the Bank included lease certificate issues into its fund diversification. PASHA Bank is authorized in Transaction Intermediary Operations, Portfolio Intermediary Operations, Best Effort Public Offering Intermediary Operations and Limited Custody Services with the licenses obtained from Capital Markets Board in 2015. Change and Project Management Core Banking Project, initiated by PASHA Bank in line with its Strategy Plan for 2018-2020, was finalized on 11 September 2020. The objective of the project was to upgrade the current system so as to meet the customer needs faster and to improve the operational efficiency along with enrichment of the system with new functions. 38 Annual Report 2020 PASHA Bank General Information