OJSC PASHA Bank

OJSC PASHA Bank is a bank registered in Azerbaijan.[1110] It is part of PASHA Holding,[1110] an Azerbaijani conglomerate beneficially owned by the first family.[528] [341] [1337] [1336] [1112] [1270] The bank has licensed branches in Azerbaijan, Georgia, and Turkey.[1110] As of 2023, the bank is beneficially owned by Leyla and Arzu Aliyeva via PASHA Holding and Bless LLC,[1111] [1112] an Azerbaijani company the sisters control.[341] [715] [11] The other beneficial owners of the bank are the sisters’ grandfather, Arif Pashayev, who owns 10%, and his nephew, Mir Jamal Pashayev, who owns 5% and is the chairman of the bank’s supervisory board.[1111] [596]