Azerbaijan Banks Association SUMMARY OF THE BANKING SYSTEM OF THE REPUBLIC OF AZERBAIJAN “Qafqaz” Baku 2007 Azerbaijan Banks Association: SUMMARY OF THE BANKING SYSTEM OF THE REPUBLIC OF AZERBAIJAN Baku, Publishing house “Qafqaz”, 2008, 189 pp. Compilers: Ruslan SADIRKHANOV (head of the group), Farhad ALIYEV , Namik KASUMOV , Latif KENGERLINSKIY , Yunus ABDULOB (executive secretary), Orhan KALBIYEV , Ulviyya HASAYEVA (a technical proof-reader), Soltan MAMMADOV (assistant). ISBN 9952-432-17-8 This book presents a systematized information on banking sector of Azerbaijan in the context of macroeconomic indicators of the country development. © Azerbaijan Banks Association 1 CONTENTS USED ACRONYMS AND ABBREVIATIONS.................................................................................................................... 1 INTRODUCTION.................................................................................................................................................................. 2 BACKGROUND OF THE ABA MEMBER BANKS AND THEIR MAIN DEVELOPMENT INDICATORS IN 2007.... 4 AF-BANK .............................................................................................................................................................................. 5 AMRAHBANK...................................................................................................................................................................... 8 ATABANK........................................................................................................................................................................... 12 ATLANTBANK................................................................................................................................................................... 16 ATRABANK........................................................................................................................................................................ 18 AZERBAIJAN CREDIT BANK.......................................................................................................................................... 21 AZERBAIJAN INDUSTRIAL BANK................................................................................................................................. 24 AZERDEMIRYOLBANK ................................................................................................................................................... 28 AZERIGAZBANK............................................................................................................................................................... 33 AZERNEQLIYYATBANK ................................................................................................................................................. 37 AZER-TURK BANK ........................................................................................................................................................... 40 BANK MELLI IRAN........................................................................................................................................................... 43 BANK OF AZERBAIJAN ................................................................................................................................................... 46 BANK OF BAKU ................................................................................................................................................................ 50 BANK RESPUBLIKA ......................................................................................................................................................... 55 BANK SILK VEY................................................................................................................................................................ 59 BANK STANDARD ............................................................................................................................................................ 60 BIRLIKBANK...................................................................................................................................................................... 64 DEBUT BANK..................................................................................................................................................................... 67 DEKABANK........................................................................................................................................................................ 71 EUROBANK........................................................................................................................................................................ 74 GANDJABANK................................................................................................................................................................... 76 GUNAY BANK ................................................................................................................................................................... 79 INTERNATIONAL BANK OF AZERBAIJAN .................................................................................................................. 83 KAPITAL BANK................................................................................................................................................................. 88 KAUTHAR BANK .............................................................................................................................................................. 92 KREDOBANK ..................................................................................................................................................................... 95 MICRO FINANCE BANK................................................................................................................................................... 99 MUGAN BANK................................................................................................................................................................. 103 NBC BANK........................................................................................................................................................................ 107 NIKOIL BANK .................................................................................................................................................................. 111 PAKISTAN NATIONAL BANK....................................................................................................................................... 114 PARABANK ...................................................................................................................................................................... 116 RABITABANK.................................................................................................................................................................. 120 ROYAL BANK OF BAKU................................................................................................................................................ 124 TECHNIKABANK ............................................................................................................................................................ 127 TRANSCAUCASUS DEVELOPMENT BANK ............................................................................................................... 132 TURANBANK ................................................................................................................................................................... 136 UNIBANK.......................................................................................................................................................................... 140 UNITED CREDIT BANK.................................................................................................................................................. 145 XALQ BANK..................................................................................................................................................................... 148 YAPI KREDI BANK AZERBAIJAN................................................................................................................................ 152 ZAMINBANK.................................................................................................................................................................... 156 AQRARKREDIT................................................................................................................................................................ 160 AZERICARD ..................................................................................................................................................................... 162 BAKU INTERBANK CURRENCY EXCHANGE ........................................................................................................... 163 PAREX BANKA................................................................................................................................................................ 164 MAIN INDICATORS OF ABA MEMBER BANKS ........................................................................................................ 165 2 APPENDIX 1. THE COUNTRY MAIN ECONOMIC INDICATORS............................................................................. 167 Table 1.1. Main macroeconomic indicators.......................................................................................................................