Tbilisi (GBC) – PASHA Bank announces the appointment of Shahin Mammadov as Chairman of the Supervisory Board. Shahin Mammadov replaces Rovshan Allahverdiyev, whose removal was decided by the shareholders during an extraordinary general meeting.

Mammadov has been a member of the bank’s Supervisory Board since 2018. Parvin Ahadzadeh, who possesses over 20 years of experience in the banking and financial sector, has also joined the Board.

Earlier, in August, changes were made to the Management Board. Punhan Narimanov assumed the position of Chairman of the Management Board and CEO of PASHA Bank.

The bank, which operates with Azerbaijani capital, has been on the market for 13 years. For the past three years, it has focused on the corporate segment. It holds a 'B/B' rating with a stable outlook.