Bank History

 

2014
  •  Elchin Gadimov was appointed Chairman of the Management Board on November 03, 2014
  • "Khirdalan"   branch  was opened
  • "Masalli"   branch  was opened
2013
  •  "Narimanov"   branch  was opened
  •  "Agsu"   branch  was opened
2010
  • New contract was signed with WBC, US investment company for 5 million USD credit line for 10 years
2009
  • Rabitabank had introduced a new kind of the deposit the Friend which uniqueness is that the client has an opportunity  to increase the percent infinitely
  •     "Agcabadi"   branch of  Rabitabank was opened
2008
  • Contract was signed with WBC, US investment company for 5 million USD credit line for 10 years
  • Bank became a member of "Contact" fast money transfer system
  • Shirvan branch is opened (12th regional and 18th branch in total)
  • Shamkir branch is opened (11th regional and 17th branch in total)
  • Annual audit report of the bank was held by Deloitte&Touche for the last 4 consecutive years  
  • Merkez branch is opened (6th Baku and 16th branch in total)
  • Rabitabank utilized fully 2nd credit line from International Financial Corporation (IFC)
 2007
  • Contract signed with International Finance Corporation for 2 mln credit line for SME financing and option to acquire up to 20% of the shares of the bank
  • Sabail branch is opened (5th Baku and 15th branch in total)
  • Bank became associate member with Visa International Payment System
  • Bank became a member of the Deposits Insurance Fund
  • Bank became a member of the State Mortgage Fund
  • Gusar branch is opened (10-th regional and 14-th branch in total)
  • Placement of 5 million USD bonds on European market, Parex Banka acted as arranger on the deal
  • Khachmaz branch is opened (9-th regional and 13-th branch in total)
 2006
  • Bank signed agreement with EBRD for 3 mln USD credit line for SME financing and 1 mln for Trade Finance
  • Bank became a member of ADFIMI - Regional Association of Development Finance Institutions (DFIs) in the Member Countries of Islamic Development Bank (IDB)
 2005
  • Ganja branch is opened (8th regional and 12th branch in total)
  • Shamakhi branch is opened (7th regional and 11th branch in total)
  • Guba branch is opened (6th regional and 10th branch in total)

2004
  • Sheki branch is opened (5th regional and 9th branch in total) 
  • The Bank became a partner with ICD, private sector arm of Islamic Development Bank
  • Nizami branch is opened (4th Baku and 8th branch in total)
  • Sahil branch is opened (3rd Baku and 7th branch in total)
2003
  • Lenkoran branch is opened (4th regional and 6th branch in total) 
  • The Bank became a member of State Fund for Entrepreneurs Support
  • Nasimi branch is opened (2nd Baku and 5th branch in total)
  • Kurdamir branch is opened (3rd regional and 4th branch in total)
2002
  • The bank joined worldwide network of Western Union payment system
1998
  • First credit line agreement signed with International Finance Corporation (IFC)
  • Sumgayit branch is opened (2nd regional and 3rd branch in total)
1997
  • The Bank became member of SWIFT
  • The Bank became principle member of Europay International (Master Card)
  • Nakhchivan branch is opened (1st regional and 2nd branch in total)
1996
  • In line with the signed agreement #1/10 Rabitabank has been assigned by the NBA as an agent to deal with short term Treasury Bills in the market
  • Rabitabank became a member of the Baku Interbank Exchange  
1994
  • The bank became a member of Baku Interbank Currency Exchange
  • Rabitabank became a member of the Banks Association of Azerbaijan
  • Yasamal branch is opened (1st Baki and 1st branch in total)
1993
  • The bank received a banking license from National Bank of Azerbaijan

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