Bank of Baku is an Azerbaijani commercial bank .
| Open Joint-Stock Company Bank of Baku | |
|---|---|
 | |
| Type of | Public corporation |
| License | Received August 27, 1997 |
| Year of foundation | 1994 |
| Former names | "Tugay" (until 1997) |
| Location |  Azerbaijan : Baku |
| Assets | ▲ $ 240 million (2010 year) |
| Net profit | 3 million dollars (2010 year) |
| Subsidiaries | "LLC BoB Broker" |
| Auditor | Deloitte Touche Tohmatsu |
| Website | www.bankofbaku.com |
Content
- 1 History
- 2 Activities
- 3 See also
- 4 notes
- 5 Links
History
It was founded on February 14, 1994 under the name Tugay, as one of the very first commercial banks in Azerbaijan . After 3 years, several individuals acting as the founders of the bank, as well as the Turkish company Nab Dıs Ticaret, decided to rename the bank to the Joint Bank of Baku Joint-Stock Commercial Bank.
In 2004, the Bank of Baku merged with another commercial bank, IlkBank.
Activities
The Bank is a multidisciplinary financial institution, provides a full range of banking services to both individuals and legal entities. The Bank has a general license for banking operations, a license for a professional participant in the securities market, licenses for operations with precious metals, etc. .
As of June 2013, there are 21 bank branches in the country. Bank customers are more than 600 thousand people. Currently [ when? ] Bank of Baku maintains leadership position [ what? ] in the market of consumer loans and credit cards . In 2013, the bank issued a millionth loan . Bank of Baku issues its own Bolkart credit card , as well as issuing and servicing Visa and MasterCard cards.
Bank of Baku provides the money transfer services Caspian Money Transfer, Privat Money, Western Union , Contact , Xpress Money, Coinstar, Fast Mail and Caspian Money Transfer [1 ] .
See also
- Azerbaijan economy
Notes
- ↑ APA - Bank of Baku joins new system of urgent money transfers Archived on June 13, 2010. (unavailable link from 05-24-2013 [2298 days] - history , copy )