International rating agency Moody’s Ratings has assessed the
performance of PASHA Bank, assigning the Bank a long-term local and
foreign currency deposit rating of Ba2 and a positive outlook.


According to the agency, PASHA Bank - one of the three largest
banks in the country holds a significant position in both the
lending and deposit markets. The Bank’s Baseline Credit Assessment
(BCA) of ba3 is supported by a strong capital position, adequate
profitability, and high liquidity indicators.


Moody’s also highlights a positive outlook for the Bank’s future
performance. Strong capital preservation, robust liquidity and
stable profitability are viewed as key factors supporting the
Bank’s resilience over the next 12–18 months.


PASHA Bank Executive Board Member and Chief Financial Officer
Murad Suleymanov stated that the Moody’s assessment once again
confirms the Bank’s financial strength and governance quality:


“The ratings confirmed by Moody’s and the positive outlook
clearly demonstrate that our financial resilience and development
strategy are recognized internationally. This assessment reflects
both our financial performance and our transparent, responsible
governance approach.”







In its report, Moody’s notes that the Bank’s capital adequacy
remains among the highest in the country and is expected to stay
strong going forward. At the same time, an improvement in asset
quality is observed, supported by the growing repayment capacity of
borrowers amid the development of the non-oil sector.


From a liquidity perspective, the Bank maintains a strong
position, with liquid assets forming a significant share of total
assets and the majority of funding provided through customer
deposits.


In addition, Standard & Poor’s affirmed PASHA Bank’s credit
rating at BB-/B with a positive outlook in 2026. The Bank was also
named “Best Bank in Azerbaijan” and “Best SME Bank in Azerbaijan”
for 2026 by International Investor Magazine.


In recent years, PASHA Bank has received multiple prestigious
international awards. In 2024–2025, the Bank was recognized by
Euromoney, Global Finance, and the Stevie Awards, becoming the
first bank in Azerbaijan to receive a Gold Stevie Award in the
“Company of the Year” category.