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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.
“Yapi Kredi Bank Azerbaijan” CJSC YapıKredi Bank: 11 January 2000 Yapı ve Kredi A.Ş. yapikredi.com.az “Ziraat Bank Azerbaijan” OJSC Ziraat Bank 30 December 2014 T.C. Ziraat Bankası A.Ş. ziraatbank.az: Foreign bank branch "Bank Melli Iran" (Baku Branch) BMI Baku: 29 January 1993 Bank Melli Iran bmibaku.az
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 ...
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.
AccessBank, formerly known as the Micro Finance Bank of Azerbaijan (AMMB), [2] is a financial institution established on October 29, 2002. [3] It was founded with support from various international financial institutions including Black Sea Trade & Development Bank, the European Bank for Reconstruction and Development, International Finance Corporation, KfW and LFS Financial Systems, each ...
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]
DekaBank was formed as a first private bank in Azerbaijan in 1989. Until the collapse of the USSR it served as a cooperative bank, whereas the Central Bank of Azerbaijan issued a license in 1992 which granted rights to the bank to offer all kinds of commercial banking services.