Grand opening of PASHA Bank Georgia in Tbilisi

Last Friday in the capital of Georgia, was the official grand opening of the first subsidiary of one of the leading players of the Azerbaijani banking market - PASHA Bank.

At this event dedicated to the press conference, Chairman of PASHA Bank Farid Akhundov said that the choice of Georgia as the first track overseas expansion of the Bank was the result of many factors. "This year the growing trade between the two countries, and joint participation in the implementation of strategic projects on a regional scale, and just a strong, friendly relations between our countries. Home pursued our goal - is to make our own contribution to the development of our economies," Akhundov said.

The head of PASHA Bank Georgia Anar Ismailov said that the Bank will position itself as closely associated with the development of entrepreneurship at a regional scale, which is why in the future to offer a wide range of banking products and services. "At present, Azerbaijan has a large number of companies, including those of the Bank's customer base operating in Georgia. In view of this, one of the main tasks of PASHA Bank Georgia will be to support and meet the financial interests and the needs of entrepreneurs operating in this country - both local and Azerbaijani companies," said A. Ismailov.

Recall that the business license PASHA Bank Georgia was issued by the National Bank of Georgia on January 17. The authorized capital of PASHA Bank Georgia is 35 million lari (about $ 21 million). According to the strategic plan, in the next 1-2 years, the Bank aims to create assets not less than $ 60 million. PASHA Bank Georgia will be represented by one branch in Tbilisi located at Rustaveli Avenue 15. However, in the foreseeable future, it is planned to expand the network to the West Bank of Georgia, in the cities of Batumi and Poti.

PASHA Bank is a leading corporate bank in Azerbaijan. Founded in 2007, the Bank provides a wide range of corporate banking services, including credit, market operations of the securities, asset management and treasury services.

PASHA Bank is represented by the head office and four branch offices, where 207 people. As part of "Europe Banking Awards 2011" was declared the "Best Investment Bank of Azerbaijan."

PASHA Bank is part of PASHA Group - a major investment holding company in Azerbaijan, which are widespread in sectors such as insurance, construction, building materials, tourism and other business areas. Capital Bank, one of the largest banks in the retail market of Azerbaijan, also belongs to the group of companies PASHA. -15D -