29 June 2012

Rabitabank celebrates 19 years.

June 30th of 2012 Rabitabank notes 19 years from the date of establishment of the bank. Established in 1993rd year as a specialized bank, based on the Ministry of Communications of Azerbaijan Republic Rabitabank expanded its activities beyond the communications industry, covering clients from various sectors of the economy. Currently, customers Rabitabank-as are companies working in the field of trade, manufacturing, construction, agriculture, request about free transport, communications and other sectors of the economy, the bank also offers a full range of financial services to individuals.


For 19 years the bank was able to not only maintain its position among the largest banks in Azerbaijan, but also to expand its operations to 21 branches across the country, as well as strengthen the presence of the bank in the regions 14 regional branches (in Sumgait, Guba, Gusar, Khachmaz , Lankaran, Ganja, Shamkir, Shamakhi, Shirvan, Sheki, Nakhchivan, Agjabedi, Gah and Kurdamir). More than 400 employees working today in the bank's head office and branches provide services 46,000 clients.


Over the years, Rabitabank established to work with international financial institutions, which is a measure of transparency and the Bank's commitment to international standards. Starting in 1997, the year of collaboration with the International Finance Corporation (IFC), the bank today is also collaborating with the Islamic Corporation for Development (ICD) and the European Bank for Reconstruction and Development (EBRD). In addition to the international financial institutions, the bank has established relationships with investment funds, the U.S. and Europe, as well as with major foreign banks in attracting funding. The result of successful cooperation with international organizations, was the inclusion of Rabitabank-and the five most transparent banks in Azerbaijan on the basis of a study conducted by rating agency Standard & Poor's in 2010


At the end of the 1st quarter of 2012 total assets amounted to Rabitabank-and 141 million manat, balance kapital 23 million manat, the loan portfolio of 102 million manats and deposits of 80 million manat Clint.


The experience gained over 19 years, providing a full range of financial services to customers in all major regional centers in the country, qualified staff, wide branch infrastructure and cooperation with international financial institutions have laid a solid foundation for further successful development of Rabitabank.



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