PASHA Bank Georgia

PASHA Bank is a Baku-based financial institution operating in Azerbaijan, Georgia and Turkey – providing full range of corporate and investment banking services to large and medium-sized enterprises.

PASHA Bank Georgia HO
PASHA Bank Georgia
Joint Stock Company
IndustryBanking, Financial services
Founded2013
Headquarters
Tbilisi
,
Georgia
Area served
Georgia, Turkey, Azerbaijan
Key people
Arda Yusuf Arkun
(CEO)
Goga Japaridze
(CCO)
Chingiz Abdullayev
(CFO)

ProductsCorporate Loans, Deposits, Corporate Banking, Trade Finance, Investment Banking, Market Making, Bond Issuance
Total assetsGEL 278 million (December, 2015) Financial Indices as per II Quarter of 2015
Websitepashabank.ge

History

PASHA Bank was established in Azerbaijan in 2007 and it is the largest private bank in its original market by total equity, and one of the top 5 banks by assets. Standard & Poor's assigned PASHA Bank a long-term rating of ‘BB-' and a short-term rating of 'B' with a stable outlook. Fitch Ratings rated PASHA Bank's long-term foreign currency Issuer Default Ratings (IDRs) at 'B+', with a stable outlook. PASHA Bank is a part of PASHA Holding, a private investment holding company based in Azerbaijan with interest in insurance, banking, property, development, construction, tourism, and other business.

PASHA Bank has been operating in Georgian since 2013 and in Turkey since early 2015.

The head office of PASHA Bank Georgia is located in Tbilisi, 15 Shota Rustaveli Ave. Tbilisi, 0108.

Products and Services

PASHA Bank Georgia offers corporate and investment banking services to large and medium-sized enterprises. The bank provides corporate loans, deposits, trade finance and standard treasury products as well as investment banking services such as bond issuance, market making and other solutions.

Social Responsibility

PASHA Bank Georgia acts as a socially responsible institute by sponsoring and supporting different CSR events and activities. In 2015 the Bank initiated and supported following projects:

  • Initiation of Spotlight Marketing Library that aims to create one comfortable space with the professional literature in Marketing, Branding, PR and other related fields that will be available for everyone interested in these subjects;
  • Donation of funds to the charity organization “First Step Georgia” for the educational needs of children with intellectual and physical disabilities;
  • Donation of funds to help the victims of the June 13 flash flood and daily support provided to the volunteers;
  • Sponsoring Bright Georgia Summer Camp for Socially Vulnerable University Applicants.
  • New Year charity gift to First Step Georgia - donating a painting by Rusudan Petviashvili - “The Choice” to the fund with the right to sell it directly or via auction.
  • Activity on International Women's Day - donating to Women's Information Center.

Honors and awards

PASHA Bank Georgia has won the following professional Awards:

  • “The Fastest Growing Corporate Bank in Georgia 2015” by International Finance Magazine;
  • “The Fastest Growing Corporate Bank in Georgia 2015” by Global Banking and Finance Review Awards;
  • “The Bank of the Year 2014” by Caspian Energy Group;
  • “A newcomer to the Georgian marketing” by EGO 2014 Awards.

PASHA Bank holds the following awards:

  • “The Best Social Responsibility (CSR) Program in Europe” by EMEA Finance Magazine, 2012;
  • “The Best Investment Bank of Azerbaijan” by International Finance Magazine in 2013;
  • “The Best Private Bank in Azerbaijan” by World Finance Magazine in 2013.
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References
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