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The law "On the National Bank of the Republic of Azerbaijan” and "On Banks and Banking Activity in the Republic of Azerbaijan were re-adopted in a new edition on dates 10 June 1996, and 14 June 1996, respectively. New bank laws allowed the banking system to become closer to the world banking experience and establish credit institutions.
English name [1] Call name Licence date Majority Owner Capital Website “Accessbank” CJSC Accessbank: 25 October 2002 ADB: accessbank.az “AFB Bank” CJSC AFB Bank 28 November 2008 afb.az “International Bank of Azerbaijan” OJSC ABB: 30 December 1992 Azerbaijan Investment Holding: abb-bank.az “Azerbaijan Industry Bank” OJSC ASB 28 ...
A billionaire former banker and 15 other ex-officials in the breakaway Nagorno-Karabakh region which Azerbaijan retook in 2023 went on trial on Friday in Baku in closed-door proceedings. The most ...
Azerbaijan state Bank was created by the Azerbaijan Democratic Republic by decree of March 7, 1919. On may 31 of next year, the name of the Bank was changed Into "Azerbaijan people's Bank". In 1923, following the establishment of the State Bank of the USSR, its Baku branch was opened and the whole system was managed by the Central Department.
After the proclamation of Azerbaijan Democratic Republic, Azerbaijan State Bank opened on September 30, 1919, and the activity of savings banks was restored on December 1, 1919. On April 28, 1920, after the collapse of the ADR, the activity of the Baku branch of the Russian State Bank was suspended by the decree of the Revolutionary Committee ...
This bank is the first and only bank in Azerbaijan to offer customers an opportunity to order American Express payment cards, as well as to hold operations with JCB cards. ABB has the largest local network of ATMs consisting of more than 900 machines, and over 13,000 POS terminals located at trade and service points across Azerbaijan.
Unibank is one of the largest private banks established in Azerbaijan in July 1992 under the name of MBank. [1] In 2021, Unibank co-founded the first Azerbaijani neobank called Leobank. [2] The bank was established on 15 October 2002 as a result of the merger of the two advanced private commercial banks of Azerbaijan, MBank and PROMTEKHBANK.
The bank opened its first branch out of the capital city in Khachmaz in 2003. It had 19 branches and 2 divisions across the country. The financial reports of AtaBank were audited by the Deloitte. In 2014, the bank opened new locations in Naftalan, Azerbaijan and Gyanja, Azerbaijan. The Gyanja location is housed inside a local hospital. [2]