Rabitabank was established in 1993 under the umbrella of the Ministry of Telecommunication of Azerbaijan to serve companies and organizations of this sector. Soon after the start the bank expanded its operations into new areas of the economy serving as a universal bank. Today the bank has got diversified client base from trade, production, construction, rural, transport, communication and other areas. The bank, also, renders full range of financial services to individual clients.      

During 15 years of successful operation Rabitabank managed expanding to 18 branches throughout Azerbaijan and kept its niche within the biggest banks of the country. Long history of successful cooperation with the international financial institutions as EBRD, IFC and ICD, and having more than 30 thousand customers create a solid base for successful development in the future. 

Contact Information

Address: Head Office: Azərbaycan, Bakı şəh., AZ 1010, Ü.Hacıbəyov küç. 33/35
Phone: (994 12) 598 44 88
Fax:      (994 12) 497 11 01
Telex:   142453 RSKBAI
E-mail: rb@rabitabank.com
Web: http://www.rabitabank.com/

Bank Details

"Rabitabank" Open Joint Stock Company

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.

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.

Parex Bank 

http://www.parex.ru/

Rabitabank placed 5 mln USD corporate bonds in the international financial market in 2007. «Parex Banka» acted as an arranger of this issue and placement in the Latvian market.  

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)