PASHA Bank increased its capital to 228 million AZN

July 30 this year, was completed registration of the increase in the authorized capital of one of the leading banks in the country - PASHA Bank - 50 million or almost 30%.

As reported in the bank, raising capital, which previously made AZN 178 million, was achieved by increasing the nominal value of the shares.

Thus, the authorized capital of the Bank reached 228 million that makes PASHA Bank the most capitalized private bank in Azerbaijan.

PASHABank is the 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. In PASHABank, presented by the head office and four subsidiaries, operates 207 people. Under "EuropeBankingAwards 2011" and "EuropeBankingAwards 2012" it was declared the "Best Investment Bank of Azerbaijan."

PASHABank 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 -