 | |
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | Baku, Azerbaijan |
Area served | Azerbaijan Turkey Georgia Montenegro |
Key people | Jalal Gasimov, CEO[1] |
| Services |
|
| Total assets |  AZN 11.9 billion (2019) |
| Total equity | AZN 2.6 billion (2019) |
Number of employees | 8500+ (2019) |
| Website | http://www.pasha-holding.az |
PASHA Holding is an Azerbaijani conglomerate.[2][3] Its major holdings are Kapital Bank (81.08%)[4] and Pasha Bank (71.7498%).[5][6] PASHA Holding is owned by the Aliyev and Pashayev families in Azerbaijan, two of the most powerful families in the country, making it one of the most powerful companies in the country.[7][8]
The company has been embroiled in high-level corruption in Azerbaijan.[2] The company has substantial government contracts across different sectors.[9] The revenue in 2023 was 1.3 billion Euros.[3] It has more than 20,000 employees and total assets of 11 billion Euros.[3]
Pasha Holding was founded by Arif Pashayev, the father of Mehriban Aliyeva (née Pashayeva), the first lady of Azerbaijan.
- ^ "PASHA Holding website".
- ^ a b Altstadt, Audrey L. (2017). Frustrated Democracy in Post-Soviet Azerbaijan. Columbia University Press. pp. 126–127. doi:10.7312/alts70456. ISBN 978-0-231-70456-4. JSTOR 10.7312/alts70456.
- ^ a b c "PASHA Mischkonzern will an die Börse". Focus. 2024.
- ^ Kapital Bank. "About Kapital Bank - Section Shareholders".
- ^ KAP Public Disclosure Platform. "KAP Public Disclosure Platform Merkezi Kayıt Kuruluşu AŞ".
- ^ Turkey, Fortune (3 May 2024). "Pasha Bank, Türkiye'deki Faaliyetlerini Güçlendiriyor | Fortune Turkey" (in Turkish). Retrieved 28 May 2024.
- ^ Stöber, Silvia. "Aserbaidschan nach dem Öl-Boom: Modern und autoritär". tagesschau.de (in German). Retrieved 19 December 2024.
- ^ Ismayilova, Khadija; Radu, Paul (2015). "The Speakers' Corner". OCCRP.
- ^ Ray, Don (2015). "Forged in fire: the making of an investigative reporter". OCCRP.