PasaBank JSC (Baş ofis) (Baku)
88, 5, 125, Ekspres M2, Ekspres M2A, 10, Ekspres E1, 149 (466 meters (distance in meters))
18 (481 meters (distance in meters))
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PASHA Bank is one of the leading corporate banks in Azerbaijan.
It provides investment banking services, trade financing, asset management, and other services for large corporations, small and medium businesses, and payroll cardholders.
The bank actively operates in non-oil sectors of the economy such as agriculture, transportation, manufacturing, and construction.
As of the end of 2023, the bank’s assets exceeded 8.8 billion AZN, with capital of 833 million AZN.
It ranks among the top three largest banks in the country by asset volume and number of clients.
PASHA Bank is part of PASHA Holding — a major Azerbaijani holding company active in banking, insurance, construction, and tourism sectors.
History:
Founded in 2007Team: Jalal Gasymov — Chairman of the Supervisory Board
General Director of PASHA Holding. Oversees the strategic development of the group.Shahin Mamedov — Deputy Chairman
Has over 20 years of experience in banking and investment sectors.Mir Jamal Pashayev — Board Member
Representative of the Pashayev family, founders of PASHA Group.Farid Mamedov — Board Member
Also part of PASHA Holding management.Dayanat Sadullaev — Board Member
One of the managing partners, involved in strategic planning.Ad Boon — Independent Board Member
Foreign expert with international experience in banking management.Executive Management:Javid Guliyev — CEO
Appointed in June 2022. Previously served as Deputy Chairman and Director of Corporate Banking.Rashad Mamedov — Deputy CEO
Responsible for retail and SME development.Narmina Mamedova — CFO
Leads financial and reporting functions of the bank.Turan Mehtiyev — Chief Risk Officer (CRO)
Responsible for credit and operational risk policies.Ali Shiraliyev — Chief Legal Officer (CLO)
Coordinates legal support of operations and contracts. -
Corporate Banking Cash management: multi-currency accounts, local and international payments.
Payroll services: salary disbursement, corporate card programs.
Deposits: flexible short- and long-term deposit options
Corporate lending: working capital loans, investment financing, overdrafts, leasing.
Trade Finance Documentary letters of credit and bank guarantees: secure domestic and cross-border transactions.
Factoring and forfaiting: improving cash flow, mitigating debtor risks.
Treasury and Investment Services FX trading and hedging: foreign currency operations, risk management tools.
Capital markets access: corporate bonds, securities trading, brokerage services.
Asset management: tailored investment strategies, financial advisory.
Digital Solutions Online banking for businesses: manage accounts and transactions securely.
Mobile banking app: on-the-go access to services and payments
Financial Consulting Strategic advisory on financial planning, risk mitigation, and tax optimization.
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PASHA Bank invests in the following strategic sectors:
1.Technology and Digital Transformation Development of digital platforms, process automation, cybersecurity, and fintech innovation
2.Support for SMEs and Entrepreneurship Financing small and medium enterprises, startups, and export-focused businesses.
3.Infrastructure and Corporate Sector Participation in large-scale financing projects in energy, construction, logistics, and agriculture.
4.Human Capital Development Investments in employee education, leadership programs, and internal talent development.
5.ESG-Oriented Projects Focus on sustainability, green finance, and corporate social responsibility initiatives.
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PASHA Bank implements social responsibility through the following areas:
Support for education: sponsorship of scholarships, educational programs, and events for students and young professionals.
Charity: organization and participation in charitable activities, assistance to vulnerable groups.
Environmental responsibility: implementation of energy-saving technologies and reduction of environmental impact in the bank’s operations.
Community development: support of social projects aimed at improving living conditions and public health.
Transparency and ethics: adherence to high standards of corporate governance and ethical practices.
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Recognition and Awards
Best Bank of Azerbaijan 2025: Recognized by the international publication International Investor Magazine for its contribution to the development of the non-oil sector and sustainable economic growth of the country.
Best Private Bank 2024: Awarded by Euromoney for high service standards and innovative solutions