Bank History

       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 2^nd credit line from International Financial Corporation (IFC)

• 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)

• 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)

• 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)

• 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)

• 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  

• 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, June 30th 

• The bank received a banking license from National Bank of Azerbaijan