13/09/2012
![](https://www.pashabank.az/uploads/photo_gallery/Standard-and-Poors-Ratings-Headquarters.jpg)
PASHA Bank has an adequate business position, strong capital and earnings, moderate risk position, below average funding, and adequate liquidity.
The long-term rating on the bank reflects the bank's high systemic importance in the country and Standard and Poor's assessment of the Azerbaijan government as supportive.
The stable outlook reflects Standard & Poor's expectation that PASHA Bank will expand its franchise and loan book quickly in the next two years, at least by 30% per year, while maintaining strong capitalization and adequate liquidity.