PASHA Bank announced as the "Best Investment Bank of Azerbaijan" on the results of 2012

Authoritative international financial magazine EMEA Finance announced the list of holders of Europe Banking Awards 2012. According to the results of voting in the nomination "Best Investment Bank of Azerbaijan" for the second time in a row winner selected PASHA Bank.

According to a member of the Management Board, Chief Investment Officer (CIO) Taleh Kazimov, the results of PASHA Bank's investment direction again highly appreciated the professional community, which is why the Bank has received this award for the second time in succession. "In little more than two years by PASHA Bank issued corporate bonds of issuers 6 (representatives of different sectors, including banking, leasing and telecommunications sectors) 9th editions, totaling approximately 97.8 million AZN.

PASHA Bank provides market-making services on the secondary market at all the big issues, where he serves as the underwriter. I recall that in 2012 PASHA Bank started to provide market-making services for mortgage bonds of the Azerbaijan Mortgage Fund. Given the high liquidity in the market, the yield of 7-year mortgage-backed securities in the secondary market has fallen from 3% to 2.962% (volume of the issue - 55 million AZN). At the end of 2012 the portfolio of local securities of the Bank amounted to about 300 million AZN (over $ 382 million), representing more than 50% of the securities in the local market. Total securities portfolio of the Bank for the year exceeded 335 million AZN (over $ 427 million) - an increase over the previous year was 23.7%," said T. Kyazimov.

PASHA Bank also started to provide services to its customers for the sale of put options on corporate bonds (in 2012 it was sold to option 2 for a total of 3 million AZN).

For the full year PASHA Bank managed to implement a number of projects, which stands alone among the first private bank in Azerbaijan's performance in the role of co-manager of large Eurobond issue (Baghlan Group, $ 150 million).

In the second half of the year, the Bank has received two international rating from the leading rating agencies. Thus, Fitch Ratings has assigned PASHA Bank long-term Issuer Default Rating (IDR) at "B +", forecast - "stable", Standard & Poor's - long-term 'BB-' and Short-term 'B', rating outlook - "stable". Rating from S & P is the highest rating among all private banks in the country with 100% of the local capital, and the second best rating among all the private banks of Azerbaijan.

Note that Europe Banking Awards winners are determined by a vote, which is attended by leading experts - analysts of the financial industry and banking consultants. In the analysis of the banking sector, the markets of developing countries are taken into account criteria such as growth in assets, profitability, developing strategic relationships, customer service, competitive level, a line of innovative products, etc. Ceremony Europe Banking Awards 2012 will be held on June 5 in Austria.

PASHA Bank - a leading corporate bank in Azerbaijan. Founded in 2007, the Bank provides a wide range of corporate banking services, including credit, market operations of securities, asset management and treasury services. PASHA Bank, represented by its head office and four subsidiaries, operates 207 people. As part of "Europe Banking Awards 2011" was declared the "Best Investment Bank of Azerbaijan."

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