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flag Azerbaijan’s PASHA Bank to pay $76M in dividends and go public, backed by strong growth and positive ratings.

flag Azerbaijan’s PASHA Bank plans to distribute 129 million manat ($76 million) in dividends to shareholders based on its 2024 results, reflecting strong financial performance and a history of returning 30–40% of net profit. flag The bank, which serves SMEs and supports non-oil sector growth, is preparing for an Initial Public Offering involving 932,926 shares, aiming to broaden investor access and boost economic stability. flag S&P upgraded its outlook to 'positive,' citing sustained growth, inflation control, and a strengthening non-oil economy. flag Moody’s and Fitch also issued favorable ratings for Azerbaijan and the bank, signaling regional economic momentum and increased foreign investment.

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