PASHA Bank is elected a permanent member of ICC

On 11 February, one of the biggest banks of Azerbaijan - PASHA Bank - has received the status of a permanent member of International Chamber of Commerce, ICC.

ICC is a non-commercial international organization, who has been active in addressing the actual business development issues for almost 100 years. As an official partner of the G8 and collective consultative body for such organizations, like World Trade Organization, World Bank, European Bank for Reconstruction and Development and etc., ICC holds the status of the highest consulting body for the cooperation with UN and its specialized agencies. 

According to Mr. Taleh Kazimov, the Board Member of the Bank, Chief Investment Officer (CIO), joining ICC has become an important event for PASHA Bank.  ICC is business organization whose  mission is to render assistance in international trade and investment, as well as to establish favorable climate for international business. This as a result contributes in increase of living standards on global scale. "As we know, ICC carries out its mission through providing recommendations to government on policies, guidance and standards promoting stronger commercial ties between different countries. ICC is ready to work in close cooperation with representatives of business circles, governmental and legislative bodies of difference countries in determining the optimal solutions for complex tasks world economy faces. The organization has strong representation in all spheres of business, and is capable of fulfilling such tasks. Now, PASHA Bank can also make its contribution to the common work", - said T. Kazimov.

In future, PASHA Bank will work on establishment of Azerbaijan national committee of International Chamber of Commerce - ICC Azerbaijan, and subsequently , on engagement of new members. Consequently, Azerbaijan companies and banks - partners of ICC - will, on equal terms with international partners, get an opportunity to actively participate in development of the guidelines and principles of international business based on requirements and challenges in their own country.

The national committees of International Chamber of Commerce headquartered in Paris, incorporate  leading companies and business associations of more than 120 countries.

PASHA Bank is a leading corporate bank in Azerbaijan. Established in 2007, it provides a range of corporate banking services including: loans, securities, asset management, and treasury services.

PASHA Bank employs circa 207 people across its head office and four branches and was declared "The Best Investment Bank of Azerbaijan" by the Europe Banking Awards 2011.

PASHA Bank is a part of PASHA Group, a major investment holding group in Azerbaijan, which also includes significant assets in insurance, property development, production of construction materials, tourism and other businesses. Kapital Bank, one of the largest retail banks in Azerbaijan, is also owned by PASHA Group.-15D--