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Management changes in PASHA Bank’s Turkish subsidiary

Business Materials 21 December 2016 10:18
Kamalya Nuriyeva joined the Council of Directors of PASHA Yatirim Bankasi, a subsidiary of Azerbaijan’s PASHA Bank OJSC in Turkey
Management changes in PASHA Bank’s Turkish subsidiary

Baku, Azerbaijan, Dec. 21

By Anvar Mammadov – Trend:

Kamalya Nuriyeva joined the Council of Directors of PASHA Yatirim Bankasi, a subsidiary of Azerbaijan’s PASHA Bank OJSC in Turkey, the bank’s website said.

Currently, the Council of Directors of the bank includes nine people - Chairman Ali Kamalov, his deputy Jalal Qasimov and members of the council - Taleh Kazimov, Shahin Mammadov, Kamalya Nuriyeva, Sureyya Serdengecti, Mesut Ozdinc, Adnan Akyol and Cenk Eynehan.

In addition, Hale Yildirim became the new deputy of the bank’s director general.

In addition to Yildirim, Ali Tokkuzun also takes the post of deputy of the bank’s director general. Cenk Eynehan is the director general of PASHA Yatirim Bankasi.

Turkey's Banking Regulation and Supervision Agency (BRSA) approved PASHA Bank's purchasing 79.9 percent shares in TAIB Bank, which was renamed to PASHA Yatirim Bankasi, on December 29, 2014. Later, PASHA Bank increased its stake to 99.9 percent. The remaining part belongs to other shareholders.

Pasha Bank is a leading corporate bank in Azerbaijan. The bank, founded in 2007, renders a range of corporate banking services, including issuance of loans, operations in the securities market, asset management, and treasury services.

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