Today, the Baku Stock Exchange hosted the “Opening Bell” ceremony dedicated to PASHA Bank’s Initial Public Offering (IPO).

Held on 24 June 2026 at the Baku Stock Exchange (BSE), the event symbolized the next milestone in PAŞA Bank’s journey in capital markets and brought together a broad range of representatives from the financial community.

The ceremony was attended by Javid Gouliyev, Chairman of the Executive Board and CEO of PASHA Bank, Shahin Mammadov, Chairman of the Supervisory Board of PASHA Bank, Farid Mammadov, CEO of PASHA Financial Holding, Ruslan Khalilov, CEO of the Baku Stock Exchange, Isi Mustafayev, Chairman of the Management Board of PASHA Capital, along with representatives of the financial and business communities.

Javid Guliyev, Chairman of the Executive Board and CEO of PASHA Bank, stated:

“Today marks a historic day for PASHA Bank. Following the successful completion of Azerbaijan’s first private bank IPO, we are holding the ‘Opening Bell’ ceremony to celebrate the successful placement of our shares on the Baku Stock Exchange. Earning the trust of more than 18,000 investors and witnessing demand exceeding the offering volume reflects not only confidence in our Bank but also strong trust in Azerbaijan’s capital markets. I believe this step will become a successful example for future market entrants and contribute to the development of an investment culture in the country.”

Shahin Mammadov, Chairman of the Supervisory Board of PASHA Bank, commented:

“PASHA Bank’s entry into capital markets represents the triumph of long-term strategic thinking and a deep commitment to transparency and corporate governance. The participation of more than 18,000 investors in this process is clear evidence of confidence in the strength and growth potential of the private sector. We view this milestone not only through the lens of the Bank’s development but also in terms of Azerbaijan’s sustainable economic future. I am confident that this IPO will go down in history as an event demonstrating the maturity of the country’s financial system and showcasing the potential of our capital market to the region.”

During the event, Murad Suleymanov, Chief Financial Officer of PAŞA Bank, presented the results of the IPO.

It should be noted that on 19 June, the placement of PASHA Bank’s Initial Public Offering (IPO) was successfully completed on the Baku Stock Exchange. Pursuant to the decision of the Baku Stock Exchange Listing Committee dated 3 April 2026, the Bank’s shares were admitted to trading and the placement of 932,926 registered uncertificated ordinary shares envisaged under the issuance was completed.

PAŞA Bank has identified the development of the non-oil sector, financing of the real economy and economic diversification among its key strategic priorities. Operating in Azerbaijan as well as Georgia and Türkiye, the Bank continues to serve as a trusted business partner across the region through customer-centric solutions and a sustainable development approach.