PASHA Bank has extended the subscription period for its Initial
Public Offering (IPO), launched under the slogan “Share the Growth.
Together,” until 12 June 2026.


The decision was made in response to requests from investors,
clients and partners, to enable more people to become PASHA Bank
shareholders. PASHA Bank Executive Board member and Chief Financial
Officer Murad Suleymanov said that the strong investor interest
observed during the IPO played a key role in the decision to extend
the subscription period.


“As PASHA Bank, from the very first day, our objective has been
to conduct a successful IPO and to encourage broader investor
participation in this process for the development of our country’s
capital markets and to provide as many people as possible with the
opportunity to become part of the IPO journey. This IPO represents
a landmark milestone not only for PASHA Bank, but for Azerbaijan’s
capital markets as a whole. For the first time in the country,
shares of a private institution on this scale are being offered to
a broad investor base, demonstrating growing confidence in the
market, the formation of an investor culture, and a long-term
investment mindset.


Since the launch of the subscription period on 13 April, we have
already received nearly 12,000 applications to date, and we
continue to observe increasing investor interest every day. In
recent days, both our partner investment companies and the Bank
itself have received requests regarding the extension of the
subscription period. I would especially like to emphasize that all
existing benefits remain fully valid for investors who have already
participated in the subscription process. Investors will retain the
right to receive dividends for both 2025 and 2026. At the same
time, the annual 5% return (“overnight”) mechanism applied to all
funds placed during the subscription period will also continue
throughout the extended period. We believe this decision will
create an opportunity for more investors to become shareholders of
one of the country’s leading financial institutions.


At the same time, I would particularly like to underline that
this extension represents the final opportunity. 12 June 2026 will
be the last day for accepting IPO orders. Once again, we thank all
our investors for the strong interest and trust shown and invite
everyone to become part of this historic milestone,” Suleymanov
said.


It should be noted that, according to the Prospectus, the
subscription period for the public offering of shares was initially
determined to be a maximum of three months. During the subscription
period, both the Bank and the underwriters received requests from
investors and partners regarding an extension. Taking into account
these requests, as well as the positive momentum observed during
the later stages of the subscription period, the Bank decided to
extend the subscription period until 12 June, 2026, within the
timeframe specified in the Prospectus.







A total of 932,926 ordinary registered shares, representing 5%
of PASHA Bank’s capital, are being offered to investors. The
initial offering price per share has been set at 55 AZN. The
minimum purchase amount is one share, while no maximum limit
applies. Amounts prepaid during the subscription period accrue
annual interest of 5%. The shares are being offered through the
Baku Stock Exchange.


Investors can participate in the IPO through the PASHA Bank
mobile application, as well as via the platforms and mobile
applications of PASHA Capital, Birbank Invest, ABB Invest,
Unicapital, Leobank, and Yelo Bank. Participation is also possible
physically through branches of PASHA Bank, Kapital Bank and
Unibank, as well as at the office of PASHA Capital and other
licensed investment companies.


For more information, please visit: ipo.pashabank.az


PASHA Bank has identified the development of the non-oil sector,
financing of the real sector and diversification of the economy
among its key priorities. In addition to Azerbaijan, the Bank also
operates in Georgia and Türkiye.