Baku, Azerbaijan, July 4
By Azad Hasanli - Trend:
Mir Jamal Pashayev has been appointed the new chairman of the Supervisory Board of Azerbaijan's Pasha Bank JSC, said the message posted on the bank's website.
Pashayev replaced Agha Ali Kamalov on this post.
Moreover, Arif Pashayev, who previously served as the member of the bank's supervisory board, vacated his post.
Arif Pashayev will retain 10-percent share in Pasha Bank, according to the message.
The other two shareholders of the bank are PASHA Holding (60 percent) and Ador Ltd (30 percent).
Currently, the Supervisory Board of Pasha Bank includes Farid Akhundov, Vadim Shneyer, Nariman Sardarli and Kamala Nuriyeva.
Pasha Bank is one of Azerbaijan's leading corporate banks. Established in 2007, it offers all major financial services, including investment banking, trade financing and asset management to a range of clients, from large corporates to small and medium enterprises. Today, Pasha Bank is an international team of about 300 people.
The bank was named 'The Best Investment Bank of Azerbaijan' in 2011, 2012 and 2013 by EMEA Finance Magazine. At EMEA Finance Magazine's Europe Banking Awards 2013, Pasha Bank also won the award for 'Best Corporate Social Responsibility (CSR) Programme'. In addition, its private banking division PASHA Private Banking was named the 'Best Private Bank in Azerbaijan 2013' by World Finance magazine.
Pasha Bank is the part of PASHA Group, a large investment holding based in Azerbaijan, which has assets across a wide variety of sectors, including retail banking, insurance, construction, construction materials and tourism.
Edited by SI
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