PASHA_BANK_ANNUAL REPORT 2022

19 PASHA Bank 2022 Annual Report General Information Information on Management and Corporate Governance Principles Financial Information and Risk Management Review About the PASHA Group Established in 2006, the Holding builds its business on the basis of effective management, corporate governance and well‑thought-out investment decisions. PASHA Holding LLC PASHA Holding LLC, through its subsidiaries, invests in banking, insurance, construction, information technology, the property development and tourism sectors. The Holding has two types of investment assets portfolios: Controlling stakes in PASHA Holding and its subsidiaries (PASHA Group) and minority private equity investments. As of 31 December 2022, the total assets of PASHA Holding stood at AZN 15.5 billion, while its total equity and revenues reached AZN 2.25 billion and AZN 1.7 billion, respectively. The total number of employees within the Group exceeds 16,500.