Rabitabank Opens a GBP Correspondent Account with The Bank of New York Mellon

Rabitabank has taken another significant step in expanding its international banking network by further strengthening its cooperation with one of the world's leading financial institutions, The Bank of New York Mellon (BNY). As part of this cooperation, the Bank has opened a British Pound Sterling (GBP) correspondent account with BNY.

This new stage of cooperation with The Bank of New York Mellon (BNY) further strengthens Rabitabank's integration into the global financial system. Expanding cooperation with one of the world's leading financial institutions not only reinforces the Bank's position as a reliable international banking partner but also creates additional value by expanding its opportunities in international markets and enabling it to offer customers a broader range of financial solutions that meet international standards.

It should be noted that The Bank of New York Mellon (BNY) is one of Rabitabank's key strategic banking partners. The continued expansion of this partnership is an important part of Rabitabank's long-term strategy to strengthen its position in international banking, provide broader opportunities for its customers, and further deepen its integration into the global financial system.

For your information, Rabitabank OJSC has been operating since 1993, providing modern and accessible financial services under its "Convenient Banking" concept. The Bank's authorized capital amounts to AZN 101.3 million. With its extensive branch network, digital banking solutions, and professional team, Rabitabank continues to deliver value-added services to its customers. The Bank's principal shareholders are Zakir Alibala Nuriyev, President of the Azerbaijan Banks Association, and businessman Rauf Zeynal Aliyev.

Currently, Rabitabank OJSC provides a comprehensive range of banking services through 31 service outlets across Baku and 19 regions, 78 ATMs, the Rabita Mobile, Rabita Junior, and Rabita Business applications, its Internet Banking platform, and the 133 Contact Center.