International Bank of Azerbaijan is a major financial institution in the country. It was founded in 1992.
The bank has a strong presence in Azerbaijan's financial market, with a wide range of services including corporate banking, retail banking, and investment banking.
International Bank of Azerbaijan has a large network of branches and ATMs across the country, making it easily accessible to customers.
Bank Information
The International Bank of Azerbaijan is a significant player in the country's financial sector. It was established in 1992.
The bank's headquarters is located in Baku, Azerbaijan's capital city. The bank's main objective is to provide financial services to individuals and businesses.
To open an account with the International Bank of Azerbaijan, you'll need to provide your passport and proof of address.
Service Network
ABB has the largest local network of ATMs consisting of more than 900 machines.
The bank offers a wide range of payment cards, including VISA, MasterCard, American Express, and Union Pay.
Over 13,000 POS terminals are located at trade and service points across Azerbaijan.
The bank introduced the multifunctional product Tamkart in 2019.
ABB provides pension and wage payments through payment cards, a first in Azerbaijan.
At present, the number of active payment cards of the bank is over 1.3 million.
ABB Miles cards were introduced to customers in 2020.
Related Companies & Peer Group
Bank of America has a strong peer group, including Wells Fargo, which is the largest bank in the US by assets.
Wells Fargo has a significant market share in consumer and commercial banking, making it a major competitor to Bank of America.
JPMorgan Chase is another key player in the banking industry, with a strong presence in investment banking and asset management.
Citi is a global bank with a significant presence in emerging markets, but its consumer banking business is relatively small compared to Bank of America.
The banking industry is highly competitive, with many large banks vying for market share.
Azerbaijan International Bank
Azerbaijan International Bank is a significant financial institution in the region. It was founded in 1993 and is headquartered in Baku, Azerbaijan.
The bank's history dates back to 1993 when it was established by a group of Azerbaijani entrepreneurs. It has since grown to become one of the largest banks in the country.
Azerbaijan International Bank offers a range of financial services including corporate and retail banking, investment banking, and asset management. Its services cater to both local and international clients.
The bank has a strong presence in the region with a network of branches and subsidiaries in several countries.
Frequently Asked Questions
Who owns the International Bank of Azerbaijan?
The International Bank of Azerbaijan is owned by the Azerbaijani state, with its shares held by the government. It operates as an open joint-stock company.
Is ABB a bank?
Yes, ABB is a bank. It is a leading financial institution in the South Caucasus region.
What is the rating of International Bank of Azerbaijan?
International Bank of Azerbaijan's Long-Term Issuer Default Rating is 'BB' with a Positive Outlook. Its Viability Rating is 'bb
Sources
- https://en.wikipedia.org/wiki/International_Bank_of_Azerbaijan
- https://financialreports.eu/companies/international-bank-of-azerbaijan-ojsc/
- https://www.cbinsights.com/company/international-bank-of-azerbaijan
- https://www.wikiwand.com/en/articles/International_Bank_of_Azerbaijan
- https://www.intellinews.com/international-bank-of-azerbaijan-announces-public-offering-of-new-shares-327352/
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