PAŞA Capital: Azerbaijan's capital market has tenfold growth potential

Azerbaijan's capital market has the potential to grow tenfold from its current size, PAŞA Capital Chief Executive Officer Isi Mustafayev said.

According to him, 2026 will be a year of development for PAŞA Capital, with several major projects planned for implementation.

Mustafayev said PAŞA Bank's initial public offering (IPO) is a historic event for the country's capital market.

"For the first time, a company from the corporate sector has reached the IPO stage. Being the lead underwriter of this process is a source of pride for us," he said.

The IPO is expected to be completed in the second week of June, which will allow PAŞA Bank shares to be traded on the secondary market.
Mustafayev noted that another key project is the preparation of the company's next strategic development plan.

He added that PAŞA Capital is continuing work on digitalisation and business process optimisation. Following the implementation of its internal systems, the company plans to introduce new financial instruments to the market.
"Our goal is not to increase our market share. Our main objective is to expand the overall size of the market," Mustafayev said.

He noted that Azerbaijan's capital market remains relatively small compared with other countries in terms of its share of gross domestic product and said expanding the market would remain a key priority in the coming years.

N.Tebrizli