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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.
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 ...
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 ...
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 ...