Management changes in PASHA Bank’s Turkish subsidiary
Baku, Azerbaijan, Apr. 1
By Azad Hasanli - Trend:
Jalal Gasimov has been appointed Deputy Chairman of the Board of Directors of the PASHA Yatirim Bankasi A.S. [a subsidiary of the Azerbaijani PASHA Bank in Turkey], according to the bank's website.
Gasimov succeeded Batu Aksoy on this post. Earlier, Gasimov was a member of the Board of Directors of the bank.
Gasımov joined PASHA Holding as the Head of Banking Group and Deputy CEO in 2015 and he has been serving as the Chairman of the Supervisory Board of Kapital BANK OSJC.
Currently, the Board of Directors of the bank is led by Agha Ali Kamalov. The Board also includes Taleh Kazimov, Shahin Mammadov, Sureyya Serdengecti, Mesut Ozdinc, Adnan Aykol, Cenk Eynehan.
Turkey's Banking Regulation and Supervision Agency (BRSA) approved PASHA Bank's purchasing 79.9 percent of TAIB Bank's [which was renamed to PASHA Yatirim Bankasi] shares on December 29, 2014 and increasing its share capital from 80 million Turkish liras to 255 million Turkish liras.
Pasha Bank is a leading corporate bank in Azerbaijan. The bank, founded in 2007, renders a range of corporate banking services, including issuing of loans, operations in the securities market, asset management, and treasury services.