financial institutions, individual and private banking segments. It is open to all types of corporate clients, including small and medium-size enterprises that require a legal due diligence into the banks adherence to transparency standards. PASHA Bank Azerbaijan is an international team of about 554 people speaking a total of 14 languages across our head office and four branches in Baku, two regional branches in Ganja and Zaqatala cities, and offices in Tbilisi and Istanbul. Bank envisions creating interconnected banking operations that will facilitate rapidly growing trade and customer interest and deal flow between Baku, Tbilisi and Istanbul, the three most vibrant markets of the region.

PASHA Bank is the first Azerbaijani bank present in these 3 markets and the first bank to set up Private Banking in Baku in 2010. PASHA Bank has been assigned with "BB-" long-term and "B" short-term counterparty credit ratings with stable outlook by Standard & Poor's and “BB-“ long-term foreign currency and “B” short-term foreign currency IDR by Fitch, which was reaffirmed several times. In 2017, Standard & Poor's affirmed Bank’s Long-term counterparty credit rating at “BB-“, short-term counterparty credit rating at “B”. This is the one of the highest rating assigned to an Azerbaijani commercial bank with 100% local capital. Fitch Ratings affirmed PASHA Bank’s Long-term Issuer Default Rating at “B+”. The Outlook is Stable. PASHA Bank was declared 'The Best Investment Bank of Azerbaijan" in 2011, 2012 and 2013 by international financial journal, EMEA Finance. PASHA Bank was declared “The Best Commercial Bank of Azerbaijan”, “The Best Banking Group of Azerbaijan” and “The Best Private Bank of Azerbaijan” in 2014 by World Finance Magazine. PASHA Bank was also selected as the Best Bank in Azerbaijan in 2016 by Global Finance Magazine.