“Rabitəbank” Open Joint Company
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Full name
"Rabitəbank" Open Joint Company
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Short name
Rabitabank OJSC
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OJSC
Rabitabank, launched in 1993, soon expanded its scope of activities covering different economic fields and turned into an all-purpose bank. Currently, customers of Rabitabank are the enterprises representing trade, production, construction, agriculture, transport, communication, and other fields. At the same time, the bank provides all types of financial services to individuals.
During 27 years of operation, Rabitabank created a network consisting of 26 branches and 1 departments, was represented in 14 regions of the country, including Sumgayit, Guba, Gusar, Khachmaz, Lankaran, Ganja, Shamkir, Shirvan, Shaki, Nakhchivan, Shamakhi, Kurdamir, Aghsu, Masalli, and Aghjabadi, maintaining its position among the largest banks of the country. Business cooperation with international financial institutions and a large number of customers have laid a solid foundation for the further successful development of the bank.
Head Office: AZ 1010, 33, 28 May Street, Baku, Azerbaijan
Tel.: (994 12) 598 44 88
Fax: (994 12) 497 11 01
Mission of Rabitabank
To provide fast and efficient banking services to people and businesses in the places and conditions appropriate for them.
General license for carrying out bank operations
License for carrying out bank operations has been issued by the National Bank of the Republic of Azerbaijan on June 30, 1993.
License No. 62 for carrying out brokerage activities has been issued by the State Committee for Securities under the President of the Republic of Azerbaijan on February 05, 2004 for a period of 5 years.
The Bank has Registration Certificate No. 136 issued by the Ministry of Justice of the Republic of Azerbaijan on June 30, 1993.
Rabitabank is a member of the following organizations
Baku Interbank Currency Exchange
Azerbaijan Banks Association
SWIFT - principal member since 1997
Europay International (Master Card) - principal member since 1998
Western Union -principal member since 2002
VISA International Payment System - principal member since 2007
Contact Money Transfer System - principal member since 2008
National Fund for Entrepreneurship Support of the Republic of Azerbaijan
Azerbaijan Deposit Insurance Fund
ADFIMI - Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank
Strategy of Rabitabank
Selection of tools for having a competitive advantage in a short and long term period
Identifying target segments of the market and relevant product ranges for them
Development of internal capabilities and business processes of the bank
Ensuring attractiveness of the bank for potential investors and creditors
The Bank’s strategic view
Being one of the largest banks in the country, a sustainable universal bank with a professional team that provides traditional and modern financial services to all types of customers.
International partners of Rabitabank
The Bank’s strategic objectives
To maintain return on equity (ROE) above 5% over the next two years (2019) and above 10% in 2020-2021;
To stay among the 10 largest banks of the country (in terms of assets, capital, credit portfolio);
To have 900 million AZN assets and 130 million AZN capital at the end of the next 3 years;
To be one of the banks providing the best services in the field of digital banking and be leading in this field;
To continue to operate in the bank market as a brand which is a stable and reliable bank with a large capital, and to maintain its current image;
To strengthen our position on high quality customer service and satisfaction.
Head Office: Azerbaijan, Baku city., AZ 1010, 28 May str. 33
Tel.: (994 12) 598 44 88
Fax: (994 12) 497 11 01
Telex: 142453 RSKBAI
The mission of the Rabitabank
To provide fast and efficient banking services to the population and businesses in the appropriate space and conditions.
General license for banking operations
Banking license - issued by the National Bank of the Republic of Azerbaijan on June 30, 1993.
License No. 62 for brokerage activities was issued by the State Committee for Securities under the President of the Republic of Azerbaijan on February 5, 2004 for a period of 5 years.
The Bank has a Registration Certificate No. 136 issued by the Ministry of Justice of the Republic of Azerbaijan on June 30, 1993.
Organizations of which Rabitabank is a member
Baku Interbank Currency Exchange
Azerbaijan Banks Association
SWIFT - principal member since 1997.
Europay International (Master Card) - principal member since 1998
Western Union has been a major member since 2002.
International payment system VISA is a principal participant since 2007.
The contact money transfer system is a principal participant since 2008.
Azerbaijan National Fund for Entrepreneurship Support.
Deposit Insurance Fund.
ADFIMI - Regional Association for the Development of Financial Institutions in the Member States of the Islamic Development Bank.
Strategy of the Rabitabank
Choosing tools to gain competitive advantage in the short and long term
Define target market segments and their corresponding product lines
Development of internal capabilities and business processes of the bank
Ensuring the attractiveness of the bank for potential investors and creditors
Strategic vision of the bank
As one of the largest banks in the country, it is a solid universal bank with a professional team that provides traditional and modern financial services to all types of clients.
International partners of Rabitabank
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WorldBusiness Capital Inc
www.worldbusinesscapital.com -
İslam İnkişaf Korporasiyası (IDB)
www.isdb.org -
International Finance Corporation (IFC)
www.ifc.org -
European Bank for Reconstruction and Development (EBRD)
www.ebrd.com
Strategic targets of the bank
- Maintain a return on equity (ROE) above 5% for the next two years (2019) and above 10% in 2020-2021;
- Remain in the top 10 banks of the country (in terms of assets, capital, loan portfolio);
- Have assets worth 900 million manats and 130 million manats of capital for the next 3 years;
- To be one of the leading banks in the field of digital banking, providing the best services in this field;
- Continue to work in the banking market and maintain its current image as a brand with a large capital, stable and reliable bank;
- We strengthen our position on the high quality of customer service and satisfaction of their requirements.
