Privatization still has a long way to go: state owned banks account for over three quarters of the deposits in the commercial banking sector.

Both residents and non-residents, either individuals or companies, can freely open foreign currency accounts, nevertheless be very careful in your choice of bank (foreign companies need to register with the Ministry of Justice before being able to open a bank account).

If you are interested in the legal details, consult the English version of the law "about banks and banking activity in the Azerbaijan Republic".

Letters of credit drawn on Azeri banks are the preferred instruments for import / export operations. Bank transfers to Azerbaijan can be a complicated affair as the country does not use IBAN and many bank work via a representative bank in Europe or North America.

The list of banks below is not exhaustive:
 

Akadembank 57/59 Mejidov Baku Tel: 98-19-50 Fax: 98-19-50 Amalbank 121 Yusuf Vezir st. Baku 37-00-58 Tel: 90-61-49 / 53 Fax: 90-52-52 Amrahbank 88 Samad Vurgun st. Baku 370002 Tel: 94-12-30 Fax: 93-91-51 e-mail: bank@amrah.baku.az Arkobank 61 Jafar Jabbarly Street  Tel: 98-43-58, 93-63-90  Fax: 98-08-91  e-mail: arcob@azeri.com  ARTbank 61 Nobel av. Baku 370026 Tel: 67-58-78 Fax: 67-61-28 Atabank 111 Rasul Rza st. Baku 370014 Tel. 94-24-07 / 30 Fax: 98-10-18 Atlant Bank 43 Khalilov str, Baku Tel: 976-986 Fax: 976-989 E-mail: bank@atlant.baku.az Bay-Bank 14 Samad Vurgun Street  Tel: 93-50-07,93-08-32  Fax: 98-57-76  e-mail: office@baybank.baku.az  Caspianbank 1 Azadlyg av. Baku 370000 Tel. 989317 Fax 969280 e-mail: maiak@caspbank.baku.az HSBC - British Bank The Landmark Plaza, 96 Nizami Street  Tel: 97-08-08  Fax: 97-17-30  e-mail: bbme@bbme.baku.az  Capital Investment Bank 3 Azerbaijan Avenue  Tel: 93-49-49, 93-01-45  Fax: 93-84-50  Credit Lyonnais 6/8 Asaf Zeynally Street, Ichari Shekher  Tel: 92-15-10  Fax: 93-80-40  Debut Bank 38 Azerbaijan Avenue  Tel: 98-85-22  Fax: 93-25-70  e-mail: office@debut.baku.az  Dresdner Bank 340 Nizami Street, ISR Plaza, floor 5  Tel: 97-23-09, 97-23-11, 97-23-10 Gafgaz Inkishaf Bank 47 B.Mejidov Street  Baku Tel: 97-51-51, 97-32-72  Fax: 97-12-22 Gunaybank 4/6 Rasul Rza Street  Baku Tel: 93-64-52, 98-14-29  Fax: 98-14-39

International Bank of Azerbaijan (Azerbaycan Cumhuriyeti Uluslararasi Bankasi) 67 Nizami Street  Tel: 93-03-07, 93-41-59  Fax: 93-40-91 e-mail: ibar@ibar.az  Manatbank 5 Rasul Rza st. Baku, 370000 Tel. 989826 Fax 988124 Mostbank  Azerbaijan 4 Husi Hajiyev Street  Baku Tel: 97-10-70  Fax: 98-07-78  National Bank of Azerbaijan 32 Rashid Beybutov Street  Tel: 93-11-22, 93-12-52  Fax: 93-33-83  National Bank of Iran 85 Salatyn Askarova Street  Tel: 95-70-18, 94-63-68  Fax: 98-04-37  National Bank of Pakistan 3/5-13 Rasul Rza st. Baku 370000 Tel. 93-41-35 Fax  93-41-35 NBC Bank ASC Sahin Mustafayev kuc27\121 Baku 1033 info@nbcbank.az Postbank 6 Azadlig av Baku Tel. 981945, 988929 Fax: 983314 Promtekhbank 69 Fizuli Street, 370014  Tel: 97-31-32, 97-42-41  Fax: 95-95-84  e-mail: mail@ptbank.com  Rossiiskii Credit 49 Najafgulu Rafiyev Street  Tel: 90-61-02, 90-61-04  Fax: 90-61-01  e-mail: postmaster@jcbrk.baku.az  Rotbank 18 Khagani st. Baku Tel. 939806 Fax 930049 Royal Bank of Baku 72, 28 May str.  Tel: + 99412 493 18 81  Fax: + 99412 498 13 17 e-mail: bank@royalbank.az  Ruzu Commercial Bank Istiglaliyat st, Baku 370055 Tel. 927201, 925742 Fax 927812 E-mail: goud@ruzu.bank.az Societe Generale 340 Nizami Street, ISR Plaza  Tel: 97-44-14,97-44-34  Fax: 97-44-74 Universal Bank 44/46 Medjidov st. Baku Tel. 973034 Fax 973029 E-mail: bank@usal.baku.az World Bank 91/95 Mirza Mansur st. Baku 370004 Tel. 921941 Fax 921479 Zaminank 59 Fizuli Tel: 98-81-05 Fax: 93-41-90

 

see also: Money, economy, consultants, taxes, legislation, government, airport, places, photos

A to Z of Azerbaijan / A dan Z ye Azerbaycan

www.azerb.com