PASHA Bank received a loan in the amount of $ 30250000

One of the leading corporate banks in Azerbaijan - PASHA Bank - has attracted a club loan in the amount of $ 30,250,000 for the period of one year from the major international financial institutions, as BaltikumsBank AS, Commerzbank Aktiengesellschaft, FBME Bank Ltd and Raiffeisen Bank International AG. In the role of the account the loan is Raiffeisen Bank International AG. For PASHA Bank is the debut international loan on unique for the local market conditions. The loan was issued to finance trade and joint investment operations.

As commented on the deal Chairman of PASHA Bank Farid Akhundov, "we enjoy the strong support of leading banks, which widely cooperate. Our first success, despite the unstable situation on the markets of Europe, the entry of international loans is vivid evidence. This is the result of more PASHA Bank to enhance its reputation as a financial institution that, despite its short history, demonstrates the strong financial performance and sustainable development within the framework of the successfully implemented the business strategy."

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 securities, asset management and treasury services. In 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. Kapital Bank, one of the largest banks in the retail market of Azerbaijan, also belongs to the group of companies PASHA. - 15D -