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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 ...
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.
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 share capital of the Bank is 185 million AZN. Kapital Bank is a financial institution with the largest service network in Azerbaijan and has 102 branches and 20 departments. Kapital Bank is a universal bank and serves physical and corporate clients. The bank serves more than 3 million individuals and more than 22,000 legal entities.
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 ...
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 ...
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. [2]