Regional Corporate And Investment Banking Services
Regional Corporate andInvestment Banking Services
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This presentation may contain forward looking statements. These statements concern or may affect future matters, such asthe Bank’s economic results, business plans and strategies, and are based upon the current expectations of the management. They are subject to a number of risks and uncertainties that might cause actual results and events to differ materiallyfrom the expectations expressed in or implied by such forward looking statements. Factors that could cause or contributeto differences in current expectations include, but are not limited to, regulatory developments, competitive conditions, technological developments and general economic conditions.None of the Bank or any of its shareholders, directors, officers, employees, affiliates, advisors and representatives accepts any liability for any loss arising from any use of this Presentation or its contents or otherwise arising in connectiontherewith. Accordingly, no representation, warranty or undertaking, expressed or implied, is made or given by or on behalfof the Bank or any of its shareholders, directors, officers, employees, affiliates, advisors and representatives as to the accuracy, completeness or correctness of the information or the opinions contained in this Presentation. The information inthis Presentation is subject to verification, completion and change. The information should not be interpreted as advice tocustomers on the purchase or sale of specific financial instruments. The Bank bears no responsibility in any instance forloss which may result from reliance on the Information. This presentation is not, and nothing in it should be construed as,an offer, invitation or recommendation for any potential clients or/and partners. Neither this presentation nor anything in itshall form the basis of any contract or commitment the Bank holds copyright to the Information, unless expressly indicatedotherwise or this is self-evident from its nature. Written permission from the Bank is required to republish the information onthe Bank or to distribute or copy such information. This shall apply regardless of the purpose for which it is to be republished,copied or distributed. The Bank’s customers may, however, retain the Information for their private use. Certain financial information contained in this presentation has been extracted from the Bank’s unaudited management accounts and financialstatements. The areas in which management accounts might differ from International Financial Reporting Standards couldbe significant and you should consult your own professional advisors and/or conduct your own due diligence for completeand detailed understanding of such differences and any implications they might have on the relevant financial informationcontained in this presentation. Data provided in section PASHA Bank Results Overview is based on unaudited figures.
Table of ContentsPASHA HOLDING6PASHA Holding7PASHA Bank8Capital Raising Services - Selected Transaction12Kapital Bank12PASHA Travel13PASHA Insurance13PASHA Life14PASHA ConstructionLOCAL MARKET OVERVIEW18Corporate Banking Sector Loan Portfolio19Banking Sector Loan Portfolio by Industry20 Market Shares, Total Assests & Liabilities21Market Shares, Loan Portfolio and EquityPASHA BANK RESULTS OVERVIEW24Gross Loan Portfolio25Loan Portfolio Dynamics by Industry25Loan Portfolio Dynamics by Clients26Loan Portfolio Dynamics by Tenor
26Loan Portfolio Dynamics by Currency27Net Interest IncomePASHA BANK PRODUCTS AND SERVICES30Loans31Deposits32Trade Finance32Treasury Operations32Other ServicesCSR RELATED ACTIVITIES AND OTHER PROJECTS36PASHA Bank Charity Activities38Business Café39Sponsoring Time Management Master Class by David Allen40Traditional Sponsor of Tbilisi International Film Festival42PASHA Bank - Platinum Sponsor of Spotlight 201544First Bank from Georgia to Participate in SIBOS46Caspian Energy: PASHA Bank - Bank of the YearCORPORATE LOANS - SELECTED TRANSACTIONS
PASHA HoldingPASHA Holding (“the Group”) is a diversified investment vehicle with interest in banking, insurance, property development, construction, tourism andother sectors. In some instances theGroup holds minority stakes but alsoselectively exercises majority investment approach depending on the in-6dividual risk return profiles of potentialinvestees. The Group was establishedon November 1st, 2006 and has grownsignificantly since its early days. As ofDecember 2014 its total assets are approximately USD 5 billion.
PASHA BankPASHA Bank (“the Bank”) was incorporated in 2007. The Bank focuses on delivering best in class banking servicesto the rapidly growing corporate sectorof Azerbaijan.This completes the first stage of theBank’s geographic expansion positioning it strategically to facilitate and fundregional trade and economic development.Since its foundation PASHA Bankearned the reputation of a reliable partner and provider of tailor made financial solutions facilitating a sustainablegrowth and development of its customers. As of 2014 the Bank is one of themost respected and trusted financialinstitutions in Azerbaijan.Standard & Poor’s and Fitch Ratingsassigned PASHA Bank a long-term rating of ‘BB-’ and a short-term rating of ‘B’.In line with regional expansion strategyPASHA Bank launched a fully ownedsubsidiary PASHA Bank Georgia, whichopened for business in February, 2013.In December 2014 PASHA Bank Turkey opened for business offering fullrange of commercial and investmentbanking services to large corporates.PASHA Bank has won the followingnominations in various internationalAwards:‘Best Corporate Social Responsibility (CSR) Program’ by EMEA FinanceMagazine, 2013‘Best Private Bank in Azerbaijan’ byWorld Finance Magazine, 2013‘The Best Bank of Azerbaijan’ atEMEA Finance Europe BankingAwards, 2014“Trade Award” for being Azerbaijan’sMost Active Bank in the Area of TradeFinance, Commerzbank AG, 20147
Capital Raising Services - SelectedTransactionsBond issuance and related servicesPASHA Bank was named ‘The Best Investment Bank of Azerbaijan’ in 2011,2012 and 2013 by EMEA Finance Magazine.“Winning these awards is a reflectionof the quality of our services and weare delighted that our work has onceagain been recognised internationally. PASHA Bank has been a key driverbehind developing Azerbaijan’s capitalmarkets and this has a direct impacton our clients,” commented Taleh Kazimov, acting Chairman of the Board ofPASHA Bank.emeafinance, EuropeBanking Awards,“Best InvestmentBank in Azerbaijan”8
FinanceUtilitiesTelecommunicationMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA Bank/Galt & TaggartMarket maker / UnderwriterPASHA BankGEL 6,000,000AZN 40,000,000GEL 20,000,0003 YearsYears3 Years2014Baku, Azerbaijan20152015Tbilisi, GeorgiaTbilisi, GeorgiaBankingBankingMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA BankAZN 20,000,000AZN 12,000,0003 Years1 Year1 Year2011Baku, Azerbaijan2014Baku, Azerbaijan2014Baku, AzerbaijanRetailMarket maker / UnderwriterPASHA BankAZN 10,000,0009
10FinanceBankingBankingMarket makerPASHA BankMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA BankAZN 55,000,000AZN 12,000,000AZN 10,000,0005 Years3 Years1 Year2013Baku, Azerbaijan2013Baku, Azerbaijan2013Baku, AzerbaijanFinanceBankingLeasingMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA BankAZN 10,000,000AZN 5,000,000AZN 4,000,0003 Years5 Years3 Years2013Baku, Azerbaijan2013Baku, Azerbaijan2013Baku, Azerbaijan
BankingLeasingTelecommunicationMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA BankAZN 10,000,000AZN 5,000,000AZN 40,000,0003 Years1 Year3 Years2012Baku, Azerbaijan2012Baku, Azerbaijan2011Baku, AzerbaijanBankingLeasingLeasingMarket maker / UnderwriterPASHA BankMarket maker / UnderwriterPASHA BankUnderwriterPASHA BankAZN 20,000,000AZN 5,000,000AZN 400,0002 Years1,5 Year2 Years2014Baku, Azerbaijan2011Baku, Azerbaijan2010Baku, Azerbaijan11
Kapital BankPASHA TravelFormerly known as the United Universal Bank, Kapital Bank was formedas a result of the merger of three major State owned Banks Agro-Investment Bank, Industrial-InvestmentBank and Savings Bank in 2000.PASHA Travel provides a wide rangeof travel and hospitality services tothe corporate and retail customers.Strong emphasis on customer satisfaction has enabled it to attain theleading position in the Azerbaijanimarket.Being a successor of Savings Bank,its roots date back to 1874 when thefirst branch of Savings Bank openedin Baku. Being a universal bank, Kapital Bank provides a wide range ofbanking services both to corporateand individual clients with a distinctfocus on retail business. Kapital Bankboasts the most extensive branchnetwork in Azerbaijan.The Bank is rated B by Fitch Ratingsand B1 by Moody’s.12Over the course of the last severalyears PASHA Travel has developed anetwork of global alliances allowingthe company to put together varietyof travel packages for budget travelers and premium customers alike.PASHA Travel succeeded in buildinga strong reputation of a reliable outsource partner for corporate sponsored business trips.
PASHA Insurance PASHA LifePASHA Insurance (“the Company”)is the very first member of PASHAHolding, incorporated in early 2006.The Company is the largest insuranceservices provider in Azerbaijan withrevenue exceeding USD 42 million asof December 31st, 2015.The Company leads the market byits ability to take the risks on its ownbalance sheet. PASHA Insurance offers more than 30 types of productsto corporate and retail customers.Life insurance business line has beenadded to the PASHA Insurance’s existing offerings in 2010 being incorporated as a separate legal entity PASHA Life.The latter provides life insurance services to the general population in theage range of 18 to 65 years old. It hasalso developed a high-end Key ManInsurance product aimed at top executives who play a crucial role in theday to day management of their respective organizations.13
PASHA ConstructionPASHA Construction is one of the largest businesses of its kind in Azerbaijan.As of the end of 2014 its completedproject portfolio exceeds 1,000,000 m2worth of projects, with further 756,000m2 currently under construction. Thesedevelopments include retail, residential, office space, hotels and largemixed use properties. The list of thesuccessfully completed projects includes but is not limited to - ShuvelanShopping Center, Nizami Residence,Baku Business Center, Chinar restaurant, Port Baku Towers, Absheron JWMarriott Hotel and Residences, FourSeasons Hotel.14Four Seasons Hotel
Port Baku TowersAbsheron JW MarriottHotel and Residences15
Local MarketOverview
Banking Sector LoanPortfolio(GEL 00,0001,000,00001820102011201220132014Source: National Bank of Georgia, as of November, 20152015
Banking Sector LoanPortfolio by Industry(GEL ‘000)86.2%17 47.1%28%234567.5%4%2.6%2.5%2.2%1Retail and Services28%4,498,4122Mining and Mineral Processing7.5%1,209,6373Real Estate4%647,1024Energy2.6%411,5955Agriculture and Forestry2.5%396,6806Transportation or Telecommunications2.2%346,7247Loans to Individuals47.1%7,580,3508Other6.2%995,400Banking sector loan portfolio total: 16,085,900Source: National Bank of Georgia, as of December, 201519
Market Shares,Total Assets & Liabilities *9817654321Bank of Georgia33.4%8,416,0592TBC Bank26.7%6,713,9903Bank Republic6.5%1,637,0664ProCredit Bank4.8%1,199,8175VTB Bank Georgia4.8%1,207,1856Cartu Bank4.7%1,175,5757Basis Bank3.2%793,9328PASHA Bank1.1%278,6329Other Banks14.8%3,743,1581Bank of Georgia34.4%7,442,1892TBC Bank26%5,633,9303Bank Republic6.5%1,406,2974ProCredit Bank4.9%1,054,0095VTB Bank Georgia4.9%1,068,4006Cartu Bank4.4%957,9097Basis Bank3%650,5928PASHA Bank0.9%184,7919Other Banks15%3,254,56398176543220Source: National Bank of Georgia, as of December, 2015* Peer group of PASHA Bank Georgia
Market Shares,Loan Portfolio and Equity *9817654321Bank of Georgia32%5,152,7392TBC Bank28.7%4,619,8783Bank Republic7.6%1,224,3894ProCredit Bank5.7%921,2435Cartu Bank5.3%852,7036VTB Bank Georgia4.8%777,3907Basis Bank2.9%461,6398PASHA Bank0.7%109,6279Other Banks12.3%1,966,2911TBC Bank30.7%1,080,0602Bank of Georgia27.7%973,8693Bank Republic6.6%230,7694Cartu Bank6.2%217,6665ProCredit Bank4.2%145,8086Basis Bank4.1%143,3417VTB Bank Georgia4%138,7868PASHA Bank2.7%93,8419Other Banks13.8%488,595981765432Source: National Bank of Georgia, as of December, 2015* Peer group of PASHA Bank Georgia21
PASHA BankResultsOverview
Gross Loan Portfolio(GEL DNSe
Loan Portfolio Dynamicsby IndustryLoan Portfolio Dynamicsby Clientsas of June 30, 2015 (GEL ’000)as of June 30, 2015 (GEL ’000)6115211 Oil and Gas4340,30020%22,5003 Trade and Services18%20,6214 Telecommunications6335%2 Utilities5 Real Estate4110Financial 33%36,1192 Trade and Service31.2%34,1583 Utilities17.1%18,7014 Financial Institutions12.1%13,1995 Real Estate6.6%7,184165422254326%30,000Customer 217%19,0473Customer 34Customer 411%9%12,50010,0005Customer 56%6,8006Customer 66%6,7447Customer 78Customer 85%3%5,4583,5009Customer 93%3,37210Customer 102%2,06211Others12%15,50511 10 11971 Oil and GasCustomer 12as of December 31, 2015 (GEL ’000)as of December 31, 2015 (GEL ’000)66131Customer 127.4%30,0002Customer 29.5%10,3893Customer 34Customer 47.6%7.3%8,3118,0005Customer 56.6%7,1846Customer 64.8%5,2817Customer 78Customer 83.3%3.2%3,6003,5009Customer 92.8%3,07610Customer 102.4%2,63411Others25.1%27,386
Loan Portfolio Dynamicsby TenorLoan Portfolio Dynamicsby Currencyas of June 30, 2015 (GEL ’000)as of June 30, 2015 (GEL ’000)13221 1 Year0.3%38221-3 Years75%86,5903 3 Years24.4%28,01412GELUSD61%69,60639%45,3811as of December 31, 2015 (GEL ’000)as of December 31, 2015 (GEL ’000)1131 1 Year7%4,17421-3 Years49%62,4273 3 Year s43%42,762GEL2 USD171%77,95929%31,40423226
Net Interest Income(GEL ‘000)1,5081,600PASHA BankProducts rybFearuchMarrilApayMneJulyJurrrrtusbebe obebegmmmctAu pteceveOeoDNSe27
LoansTerm LoansLoans for Financial InstitutionsTerm Loans enable the client to expandthe existing business and/or financenew projects involving acquisition ofcapital assets or other uses requiringlonger term repayment horizons andusually involve scheduled fixed payments.PASHA Bank offers loan programs toentities involved in micro-financing andlending activities for expansion of theirfinancing sources.Credit LineSyndicated LoansPASHA Bank customers may benefitfrom the Credit Lines offered by theBank for the short-term financing oftheir business needs.The Bank cooperates with other financial institutions to provide extra-largeamounts of funding for a single borrower that can be a corporation or a largeproject.The customer may use the funds offered within the Credit Line limits setby the Bank in whole or in part at anytime during the Credit Line availabilityperiod. After paying-off the utilized portion, the customer may draw down theCredit Line again in accordance with itscash financing requirements.30
DepositsTerm DepositDemand DepositTerm Deposits are made available tothe clients for various durations andcurrencies. Accrued interest can be utilized at the end of the term, as well ason a monthly basis.PASHA Bank offers daily interest accruals on the account balance on thedays when the current account balanceis not less than the specified minimumamount. This allows the client to earna return while maintaining unlimited access to the funds.31
Trade FinancePASHA Bank offers the following trade finance instruments for both domestic andinternational transactions:- Letters of Credit- Bank Guarantees- Standby Letters of Credit- Documentary CollectionsPASHA Bank professionals providecomplete consulting support with regard to information pertaining to TradeFinance services, and the selection ofthe appropriate type of product, depending on the customer’s needs.Treasury OperationsPASHA Bank offers the following treasury operations to the large corporatecustomers:- Underwriting or Best Effort BasisBond Issuance- Currency Exchange Operations- DerivativesOther Services- Correspondent Accounts- Clearing and Settlement Services32- Standing Orders- Internet Banking
CSR RelatedActivities andOther Projects
PASHA Bank Charity ActivitiesSupport for the Victims ofJune 13th FloodIn regards with the flood of June 13th inaddition to the daily support that PASHABank provided to the volunteers, special funds were transfered to Tbilisi CityHall as a donation.Funding Bright Georgia Summer Camp for SociallyVulnerable University ApplicantsPASHA Bank co-funded educationalproject organized by Bright Georgia a special Summer Camp for university applicants from socially vulnerablegroup in Kobuleti. The Summer Camphosted 30 participants who were selected from different parts of Georgia.The application and selection processwas conducted by foundation BrightGeorgia. The applicants took part in atwo-week preparatory intensive coursefor university entrance exams.36
Easter and New Year CharityPASHA Bank congratulated its partners on Easter holiday by a donationof GEL 10 000 to charity organization“First Step Georgia” on their behalf.The amount was used to fund the educational needs of children with intellectual and physical disabilities and theirintegration in society.First Step Georgia was founded in 1998and its mission is to enhance the quality of life of children and youth with intellectual and physical disabilities.On December 26th, 2015 PASHA Bankagain congratulated First Step Georgia with New Year in a special way:the Bank donated a painting by Rusudan Petviashvili - “The Choice” (2015,mixed media painting, silk, 50x50cm) tothe fund with the right to sell it directlyor via auction. The funds raised fromthe sale of the painting to be applied forthe educational needs of children withintellectual and physical disabilities.Rusudan Petviashvili, “The Choice”, 2015Mixed Media Painting, Silk, 50x50cm37
Business CaféPASHA Bank is exclusive sponsor of Business Café.The first meeting of the project was organized inOctober, 2015.Business Café,Holiday Inn Tbilisi,October 21st, 2015The project was initiated by Insourceand aims to organize meetings of middle and top-management representatives from different companies wherethey will be able to discuss specificwork-related subjects and share experience with each other. The subjectsof the first two meetings held at Holiday Inn Tbilisi were: “Management ofHuman Resources” and “The Organizational Corporate Culture”; The moderators were David Gogichaishvili andSandro Jejelava.It is the first time for this kind of meet-38ings to be held in Georgia and theyserved as a place for discussions overthe current processes and news fromdifferent fields of business. The meetings hosted up 20 participants andwere moderated by a special guestwho shared own experience with others. In 2016 Insource is planning toorganize six Business Café meetingswith exclusive sponsorship of PASHABank.
Sponsoring Time ManagementMaster Class by David AllenPASHA Bank sponsored a long-awaited master class on time management,which was held on October 31st at Hotels and Preference Tbilisi. The attendees were given the opportunity to learnabout the time management methodologies by a well-known writer andbusiness consultant David Allen, alsoknown as Time Lord.sions for their companies on daily basis, as well as the young professionalswho are just beginning to contribute tovarious business sectors. Master classby Time Lord should definitely be useful and interesting to all attendees andwe are more than happy to support thisevent.” – said Anano Korkia, Head of PRand Marketing Department at PASHABank Georgia.David Allen is mostly known for hisbestseller “Getting Things Done” thatsold 2 million copies and brought its author worldwide recognition. David Allenpossesses his own time managementtool – GTD, which he gladly sharedwith Georgian professionals. Representatives of different sectors attendedthe master class and got acquaintedwith the up-to-date principles of timemanagement.“We believe that the development of thecountry’s business and economy significantly depends on the professionalgrowth of the experienced people whoare involved in taking important deci-David Allen, Masterclass Time Lord,Hotels and Preference,Tbilisi, October 31st, 201539
Traditional Sponsor ofTbilisi International Film FestivalIn 2015 for the second year in a rowPASHA Bank traditionally sponsoredGeorgian Panorama of Tbilisi International Film Festival that took place inthe first week of December.Supporting the development of film industry in Georgia was the main motivator for the bank for sponsoring one of themost important cultural events in Tbilisi.TIFF awards were distributed in twocategories: International Competitionand Georgian Panorama. The winningdirectors of the best Georgian film received special gifts from PASHA Bank- a trip to the Berlin International FilmFestival.In 2014 the winner was LashaTskvitinidze with his film “I am Beso”and in 2015 there were several winners in different categories:Best feature-length movie – “Solomon” (Zaza Khalvashi)Best short-length movie – “Wakeman” (Tornike Bziava)15th Tbilisi International FilmFestival, Amirani Cinema,December, 201440Best documentary – “When theearth seems to be light” (SalomeMachaidze, Tamuna Karumidze,David Meskhi)
„We believe in the potential of Georgian cinematography and by supporting Georgian filmmakers we expressour desire to contribute to the development of this industry in the country.On behalf of PASHA Bank team I would liketo thank the organizers and congratulate allthe winners and wish them further successand new heights in their professional life,”commented Shahin Mammadov, the CEOof PASHA Bank.41
PASHA Bank - Platinum Sponsor ofSpotlight 2015PASHA Bank was the platinum sponsor of the year’s mainmarketing event in Georgia - Spotlight 2015.Spotlight takes place since 2013 andit hosts Georgian marketers and otherprofessionals who share their experiences with the public and colleagues.This year a new project - Spotlight Marketing Library Initiated by PASHA Bankwas presented to the guests. The project is supported by Tbilisi Mediathekand Spotlight. Marketing Library aimsto create one comfortable space withthe professional literature in Marketing,Branding, PR and other related fieldsthat will be available for everyone interested in these subjects.42“Spotlight’s role in developing localbusiness and encouraging professional growth is doubtless, which is the reason PASHA Bank became the platinumsponsor of the event. Moreover, together with Tbilisi Mediathek and Spotlightwe presented our Marketing Libraryproject. Since the professional literature is not easily available in our country, we were inspired to found SpotlightMarketing Library and challenge othercompanies to donate books. We areexcited to see how many companiesaccept the challenge of contributingto the initiative.” – said Anano Korkia,Head of PR and Marketing at PASHABank.On December 6th, Tbilisi Mediathekhosted Forward club meeting, wherethe marketers received a special giftfrom PASHA Bank - annual passes toTbilisi Mediathek. The passes enablesForward club members to read thebooks presented at Spotlight MarketingLibrary - 76, Chavchavadze Ave., ParkVake.
PASHA Bank frequently works together with Marketer on different projectsaimed atimproving professionalgrowth prospects of Georgian marketing professionals. One of the projectsis the business blog on marketer.gewhere Harvard Business Review articles are translated into Georgian, providing the up-to-date analytical information on international trends, newsand contemporary best practices inmarketing and related fields.Spotlight,Radisson Blu Iveria,Tbilisi, May 25th, 201543
First Bank from Georgia toParticipate in SIBOSPASHA Bank underlined its increasing role in international finance by exhibiting itself at SWIFT InternationalBanking Operations Seminar in Boston, USA. PASHA Bank participated inconference in order to share up-to-datebest practices and trends as well as todebate the emerging issues. Alreadyfor the sixth time it is the only bank fromthe region to attend SIBOS.SIBOS is an annual banking and financial seminar organizedby SWIFT (Society for Worldwide Interbank Financial Telecommunication) in various cities around the world. In 2015SIBOS annual meeting took place in Singapore. PASHABank Azerbaijan, Georgia and Turkey attended the event.Started out as SWIFT international banking operations seminar, it hasgrown into a premier business forumfor the global financial community todebate and collaborate in the areas ofpayments, securities, cash management and trade. People who work infinancial markets around the world participate as exhibitors and attendees todiscuss issues relevant to the financialindustry.44SIBOSSeptember 29 –October 2, 2014Boston Convention &Exhibition CenterBoston, USA
SIBOS,October 12-15, 2015,SingaporeDuring one week, SIBOS brings together 7,000 decision makers and topicexperts from financial institutions, market infrastructures, multinational corporations and technology partners.“PASHA Bank was the only bank fromGeorgia to attend the conference, participate with its own booth togetherwith PASHA Bank Azerbaijan and bringthis experience to our customers. Ourstrategic partnerships with major international banks help ensure our clientsget the best service and support fromstrong institutions wherever they aredoing business around the world,” saidShahin Mammadov, CEO of PASHABank Georgia.45
Caspian Energy: PASHA Bank Bank of the YearPASHA Bank was named the Bank ofthe Year by Caspian Energy Group.ernmental and commercial structuresparticipated in the forum.On the ceremony President of GeorgiaGiorgi Margvelashvili awarded a prizeand diploma to the CEO of PASHABank Georgia, Shahin Mammadov. Inline with the contribution to the furtherdevelopment of Georgian economyand enhancement of its investmentclimate, PASHA Bank Georgia was aGolden Sponsor of Caspian EnergyForum 2014, which this year was heldin Tbilisi. Representatives of key gov-Caspian Energy Forum will be held annually as a general meeting of the Caspian European Club in Tbilisi.The first part of Caspian Energy Forumincluded discussions on all aspects ofenergy integration of the countries ofthe Caspian, Black Sea and Mediterranean regions into global energy markets. The focus of speakers, delegatesand forum participants was on the keyrole of Georgia in energy, transport andinfrastructure projects, the growing upstream gas sector, the Southern Corridor projects and the resource potentialof the Caspian Sea.“Caspian Energy Forum 2014 becamea platform to discuss different areas ofthe Georgian economy, and contributeto attraction of new investments and integration of the financial sector acrossthe Caspian-Black Sea region countries”, said Mr. Mammadov.46
The second section of the Caspian European Forum was focused on the development of the hydro and geothermalenergy sector of Georgia and its prospects. Modern double cycle geothermal power plants were discussed onthe example of New Zealand. Participants talked about the prospects of oiland gas production sector of Georgia.The third and fourth sessions coveredthe infrastructure, industry, tourism,transport as well as investment, financial, IT & communication industries ofGeorgia.On the same day, the internationalCaspian Energy Awards Ceremonywas held as a part of the official galareception, attended by officials fromGeorgian governmental and businesssociety, as well as the President ofGeorgia, Giorgi Margvelashvili.The organizer of the forum was the Caspian Energy International Media Group.The official support to the Forum wasprovided by the Ministry of Energy ofGeorgia, the Ministry of Economy andSustainable Development of Georgia,the State Ministry of Georgia on European and Euro-Atlantic Integration,the Ministry of Agriculture of Georgia,the Ministry of Regional Developmentand Infrastructure of Georgia, SOCAREnergy Georgia LLC, the Georgian Oiland Gas Corporation and the CaspianEuropean Club.Giorgi Margvelashvili,the President ofGeorgia;Shahin Mammadov,CEO at PASHA BankGeorgia;November 14, 2014,Expo Georgia,Tbilisi47
CORPORATE LOANS – SELECTEDTRANSACTIONSGORGIAGeorgian Waterand PowerRustavi WaterCompanyPASHA BankPASHA BankPASHA BankGEL 3,500,000GEL 12,500,000GEL 10,000,0001 Year3 Years3 Years2015Tbilisi, Georgia2015Tbilisi, Georgia2016Tbilisi, GeorgiaGPCPASHA BankGEL 8,000,0004 Years2015Tbilisi, GeorgiaCREDOJSC MFO CRYSTALPASHA BankPASHA BankGEL 3,500,000GEL 2,000,0001 Year1 Year2015Tbilisi, Georgia2015Tbilisi, Georgia
Swiss CapitalAltaPASHA BankPASHA BankPASHA BankUSD 1,500,000USD 1,000,000USD 1,000,000OK(Eurotecniques Georgia)3 Years1 Year2 Years2015Tbilisi, Georgia2015Tbilisi, Georgia2015Tbilisi, GeorgiaSakOrgGazi JSCCaucasus Online LLCSocar GeorgiaGas LLCPASHA BankPASHA BankPASHA BankUSD 13,500,000USD 10,000,000USD 2,600,0002 Years5 Years1 Year2014Tbilisi, Georgia2014Tbilisi, Georgia2014Tbilisi, Georgia
Smart Rustaveli LLCMFO BIG LLCSocar GeorgiaPetroleum LLCPASHA BankPASHA BankPASHA BankUSD 2,500,000USD 1,500,000GEL 1,000,0005 Years3 Years1 Year2014Tbilisi, Georgia2014Tbilisi, Georgia2014Tbilisi, GeorgiaSmart Retail JSCPASHA BankUSD 1,500,0003 Years2013Tbilisi, Georgia
15, Rustaveli ave. Tbilisi, 0108, GeorgiaTel.:
PASHA Bank/Galt & Taggart Banking AZN 20,000,000 3 Years n 2011 PASHA Bank Telecommunication AZN 40,000,000 Baku, Azerbaijan 2014 PASHA Bank. 10 Banking AZN 5,000,000 5 Years Baku, Azerbaijan 2013 Market maker / Underwriter PASHA Bank Leasing AZN 4,000,000 3 Years Baku, Azerbaijan 2013 Market maker / Underwriter PASHA Bank Banking AZN 12,000,000
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