The FINANCIAL -- According to APA-Economics, the National Bank of Azerbaijan has granted a license to Pasha Bank for banking activities in the country.
The decision was passed at the bank’s board meeting late November.
The Central Bank said the license is termless and allows 100% Azeri capital bank to provide all banking services.
Pasha Bank was registered by the Justice Ministry on June 18, 2007. Its authorized capital is AZN 10 million. Pasha Bank is owned by Pasha Holding.