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Full Name	"Rabitabank" Open Joint Stock Company
Short Name	Rabitabank OJSC
Organizational-Legal Form	Commercial Bank Open Joint Stock Company
Date of Registration	30 June 1993

23 years of experience

Rabitabank was established in 1993. Since then the Bank was privatized and currently privately owned. Since its formation, Rabitabank expanded to 22 branches and 1 division throughout Azerbaijan, diversify its client base beyond what originally used to be a mainly communications sector niche.

Full Range of Financial Services

Rabitabank is a universal commercial bank, providing full range of banking services to its retail, SME and corporate clients.

Strong Regional Presence

Network of 23 branches of the bank cover 14 cities around the country in addition to the capital city of Baku. Today Rabitabank serves customers in Baku (8 branches), Sumgait, Gandja, Shemkir, Sheki, Lenkoran, Masalli, Agsu, Shirvan, Kurdemir, Samaxi, Agdjebedi, Guba, Gusar, Khachmaz and Nakhchivan.

Focus on MSME

Rabitabank has a strong experience in financing micro, small and medium enterprises (MSME) with currently largest part of the portfolio devoted to MSME loans and strategic target to become one of the leading MSME banks in Azerbaijan.

İnternational Cooperation

Rabitabank has successful history of cooperation with international financial institutions since 1997. Bank is a long term partner with International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), Islamic Corporation for Development (ICD) and Overseas Private Investment Corporation (OPIC).

One of the most transparent banks in Azerbaijan

In Transparency & Disclosure by Azerbaijani banks Report released by Standard & Poor’s in 2010 Rabitabank was named among five most transparent banks in Azerbaijan.

 

 Partners:

International Finance Corporation (IFC):

http://www.ifc.org/

 IFC is a member of the World Bank Group and provides investments for the private sector in developing countries. Cooperation with IFC resulted to opening of the long term credit lines to Rabitabank for financing projects in micro, small and medium businesses. IFC has also been providing technical assistance in institutional development of the bank. Rabitabank signed a share option agreement with IFC in 2007 in line which the corporation keeps the right to purchase shares of the bank.    

European Bank for Reconstruction and Development (EBRD):

www.ebrd.com

Rabitabank has been cooperating with the European Bank for Reconstruction and Development since 2006. EBRD extended credit lines to Rabitabank to finance projects in micro, small and medium businesses and trade finance facility. At the same time, EBRD provides technical assistance to the bank in underwriting of credits.    

Islamic Corporation for Development of the Private Sector (ICD)

http://www.isdb.org/

Islamic Corporation for Development of the Private Sector is a member financial institution of the Islamic Development Bank Group (IDB). IDB was established by the 56 member countries of the Organization of the Islamic Conference. Operating according to the Shari\'a principles, ICD aims at promoting and developing the private sector in its member countries. Rabitabank cooperates with the ICD in SME financing.

WorldBusiness Capital Inc

http://www.worldbusinesscapital.com/

Rabitabank and World BusinessCapital Inc (WBC), an investment company of the USA, signed 5-mln credit line agreement with 10-year maturity in the first quarter of 2008. The credit line aimed at SME financing in the country. The line had been made available with support of the Overseas Private Investment Company (OPIC), a US government agency which insures investments abroad.    

 

Rabitabank memberships:

• Baku Interbank Currency Exchange  
• Azerbaijan Banks Association  
• SWİFT - principal membership from 1997
• Europay International (Master Card) - principal membership from 1998
• Western Union - principal membership from 2002
• VİSA international payment system - principal membership from 2007
• State Entrepreneurship Support Fund of Azerbaijan  
• Deposits Insurance Fund  
• State Mortgage Fund
• ADFIMI - Association of National Development Finance Institutions (DFIs) in Member Countries of the Islamic Development Bank (IDB)

 

Bank Details

"Rabitabank" Open Joint Stock Company

IN of Taxpayer:	9900001061
Corr. account:	AZ61NABZ01350100000000006944
Code:	506399
SWIFT Bik:	RBTAAZ22
Chairman of the Management Board:	Elchin Gadimov

 

Contact Information

Address:	Head Office: Azerbaijan, Baku city., AZ 1010, 33, 28   May str.
Phone:	(99412) 598 44 88
Fax:	(99412) 497 11 01
Telex:	142453 RSKBAI
E-mail:	rb@rabitabank.com
Web:	www.rabitabank.com

 

Banking License

• License for banking operations - issued by the National Bank of Azerbaijan on June 30, 1993
• License #62 for brokerage operations - issued by the State Committee on Securities under the auspices of the President of Azerbaijan Republic on February 05, 2004   

Rabitabank OJSC holds a registration certificate #136 issued by the Ministry of Justice of the Republic of Azerbaijan on June 30, 1993.