Banks in Baku
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National Bank of Azerbaijan (Central Bank)Several international banks have now moved to Azerbaijan, others will be there soon. After independence, a plethora of local banks has been created (about 200!), since the legislation and the central bank (National Bank of Azebaijan) are not very strict. Some of these banks act as the private banks of a particular company or group of companies. Bankruptcies are not rare. As the central bank regulatory function matures it is expected that consolidation in the sector will occur. In 2000 the cancellation of the licences of several banks was a positive sign of the increasing strength of the central bank.

Privatization still has a long way to go: state owned banks account for over three quarters of the deposits in the commercial banking sector.

International Bank of Azerbaijan / Azerbaycan Cumhuriyeti Uluslararasi BankasiBoth residents and non-residents, either individuals or companies, can freely open foreign currency accounts, nevertheless be very careful in your choice of bank (foreign companies need to register with the Ministry of Justice before being able to open a bank account).

If you are interested in the legal details, consult the English version of the law "about banks and banking activity in the Azerbaijan Republic".

Letters of credit drawn on Azeri banks are the preferred instruments for import / export operations. Bank transfers to Azerbaijan can be a complicated affair as the country does not use IBAN and many bank work via a representative bank in Europe or North America.

The list of banks below is not exhaustive:
 
Akadembank
57/59 Mejidov
Baku
Tel: 98-19-50
Fax: 98-19-50

Amalbank
121 Yusuf Vezir st.
Baku 37-00-58
Tel: 90-61-49 / 53
Fax: 90-52-52

Amrahbank
88 Samad Vurgun st.
Baku 370002
Tel: 94-12-30
Fax: 93-91-51
e-mail: bank@amrah.baku.az

Arkobank
61 Jafar Jabbarly Street 
Tel: 98-43-58, 93-63-90 
Fax: 98-08-91 
e-mail: arcob@azeri.com 

ARTbank
61 Nobel av.
Baku 370026
Tel: 67-58-78
Fax: 67-61-28

Atabank
111 Rasul Rza st.
Baku 370014
Tel. 94-24-07 / 30
Fax: 98-10-18

Atlant Bank
43 Khalilov str, Baku
Tel: 976-986
Fax: 976-989
E-mail: bank@atlant.baku.az

Bay-Bank
14 Samad Vurgun Street 
Tel: 93-50-07,93-08-32 
Fax: 98-57-76 
e-mail: office@baybank.baku.az 

Caspianbank
1 Azadlyg av.
Baku 370000
Tel. 989317
Fax 969280
e-mail: maiak@caspbank.baku.az

HSBC - British Bank
The Landmark Plaza, 96 Nizami Street 
Tel: 97-08-08 
Fax: 97-17-30 
e-mail: bbme@bbme.baku.az 

Capital Investment Bank
3 Azerbaijan Avenue 
Tel: 93-49-49, 93-01-45 
Fax: 93-84-50 

Credit Lyonnais
6/8 Asaf Zeynally Street, Ichari Shekher 
Tel: 92-15-10 
Fax: 93-80-40 

Debut Bank
38 Azerbaijan Avenue 
Tel: 98-85-22 
Fax: 93-25-70 
e-mail: office@debut.baku.az 

Dresdner Bank
340 Nizami Street, ISR Plaza, floor 5 
Tel: 97-23-09, 97-23-11, 97-23-10

Gafgaz Inkishaf Bank
47 B.Mejidov Street 
Baku
Tel: 97-51-51, 97-32-72 
Fax: 97-12-22

Gunaybank
4/6 Rasul Rza Street 
Baku
Tel: 93-64-52, 98-14-29 
Fax: 98-14-39 

International Bank of Azerbaijan
(Azerbaycan Cumhuriyeti Uluslararasi Bankasi)
67 Nizami Street 
Tel: 93-03-07, 93-41-59 
Fax: 93-40-91
e-mail: ibar@ibar.az 

Manatbank
5 Rasul Rza st.
Baku, 370000
Tel. 989826
Fax 988124

Mostbank  Azerbaijan
4 Husi Hajiyev Street 
Baku
Tel: 97-10-70 
Fax: 98-07-78 

National Bank of Azerbaijan
32 Rashid Beybutov Street 
Tel: 93-11-22, 93-12-52 
Fax: 93-33-83 

National Bank of Iran
85 Salatyn Askarova Street 
Tel: 95-70-18, 94-63-68 
Fax: 98-04-37 

National Bank of Pakistan
3/5-13 Rasul Rza st.
Baku 370000
Tel. 93-41-35
Fax  93-41-35

NBC Bank ASC
Sahin Mustafayev kuc27\121
Baku 1033
info@nbcbank.az

Postbank
6 Azadlig av
Baku
Tel. 981945, 988929
Fax: 983314

Promtekhbank
69 Fizuli Street, 370014 
Tel: 97-31-32, 97-42-41 
Fax: 95-95-84 
e-mail: mail@ptbank.com 

Rossiiskii Credit
49 Najafgulu Rafiyev Street 
Tel: 90-61-02, 90-61-04 
Fax: 90-61-01 
e-mail: postmaster@jcbrk.baku.az 

Rotbank
18 Khagani st.
Baku
Tel. 939806
Fax 930049

Royal Bank of Baku
72, 28 May str. 
Tel: + 99412 493 18 81 
Fax: + 99412 498 13 17
e-mail: bank@royalbank.az 

Ruzu Commercial Bank
Istiglaliyat st,
Baku 370055
Tel. 927201, 925742
Fax 927812
E-mail: goud@ruzu.bank.az

Societe Generale
340 Nizami Street, ISR Plaza 
Tel: 97-44-14,97-44-34 
Fax: 97-44-74

Universal Bank
44/46 Medjidov st.
Baku
Tel. 973034
Fax 973029
E-mail: bank@usal.baku.az

World Bank
91/95 Mirza Mansur st.
Baku 370004
Tel. 921941
Fax 921479

Zaminank
59 Fizuli
Tel: 98-81-05
Fax: 93-41-90


 
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