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Banking in Azerbaijan in its present form dates back to 1992, but it originated in the second half of the 19th century and continued through the Soviet period. It consists of the country's central bank, the Central Bank of Azerbaijan, founded on 11 February 1992, and other commercial banks. The commercial banks in the country are joint–stock.
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 September 1996 Anadolu Investment asb.az “Azer-Turk Bank” OJSC ATB: 29 June 1995 State Service on Property Issues: atb.az “Bank Eurasia” OJSC BankAvrasiya
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.
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.
Customers can use their smartphone to pull out cash from ATMs without using an actual bank card during the transaction. The technology is named “Way4 Cash By Code." [3] AzeriCard worked with technology company OpenWay to produce the mobile wallet service. [3] By 2011, 15 banks in Azerbaijan were using mobile banking technology provided by ...
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 ...
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]