ECONOMY
PASHA Bank launches private banking collaboration with Swiss BCGE
Baku, November 22 (AZERTAC). PASHA Bank, one of the leading corporate banks in Azerbaijan, has successfully concluded talks with Banque Cantonale de Genève (BCGE), a leading publicly traded Swiss bank, about cooperation in private banking.
Following the talks, corporate and private clients of PASHA Bank in Azerbaijan may now be introduced by the Bank to BCGE to benefit from the its expertise in financial solutions.
“As a part of our international development strategy, we are considering setting up our own presence in Geneva in the future, and our cooperation with a reputable bank such as BCGE is very important to us," Farid Akhundov, PASHA Bank Executive Board’s chairman, said.
“We are very pleased with the start of cooperation with one of the key Swiss financial institutions. After recent opening of our Bank’s representative office in Georgia, this cooperation is another move in direction of our international development, Bank’s chairman added.
"Given the increasing number of business exchanges between Switzerland and Azerbaijan, we are very interested in the development of the Azerbaijani economy,” Blaise Goetschin, CEO of Banque Cantonale de Genève, said.
“Our collaboration with PASHA Bank allows us to keep our finger on the pulse of the Caucasus and to establish a win-win relationship," Blaise Goetschin noted.
The opportunity for private clients of PASHA Bank to apply for investment and fiduciary deposit accounts and for the use of other private banking services of the Swiss banks is in full compliance with the legislation of Azerbaijan, including the Law on Exchange Control and the Rules on Regime of the Currency Transaction of the Residents and Non-Residents in Azerbaijan adopted by the Central Bank of Azerbaijan.