ABB (from Azerbaijani: Azırbaycan Beynılxalq Bankä [žızæbæjıdın Bejnælıxælkıbık]; Formerly Known As Azerbaijan International Bank) Is The Largest Bank In Azerbaijan And Is An Open Joint Stock Company Whose Shares Are Owned By The Azerbaijani State. Its Headquarters Are Located In Azerbaijan.
History
ABB Open Joint Stock Company Was Established On January 10, 1992 And Is A Joint Stock Bank. ABB Is Currently One Of The Leading Banks In The South Caucasus Region In Terms Of Assets, Customer Base And International Operating Portfolio. The Bank Has 66 Branches And 13 Sub-branches In Different Regions Of Azerbaijan, Providing Universal Banking Services To Private And Corporate Clients. The Number Of Legal Entities Served By The Bank Is About 18,000, With More Than 2.20 Million Individual Clients. The Bank Has More Than 3,100 Employees.
According To Decree No. 1174 Of The President Of The Republic Of Azerbaijan Dated November 5, 2020 "On Ensuring The Activities Of The Investment Holding Company Of Azerbaijan", ABB Bank Open Joint Stock Company Has Been Transferred To The Management Of The Investment Holding Company Of Azerbaijan.
As A Diversified Institution, IBA Operates As A Universal Bank, Utilizing Its Subsidiaries In Russia, Georgia And Qatar As Well As International Representative Offices Strategically Located In London, Frankfurt, Luxembourg, Dubai And New York.
Service Network
ABB Is Closely Involved In Large National Projects In The Fields Of Petrochemicals, Transportation, Communications, Energy, Etc. As Well As Various Social Projects. At The Same Time, It Actively Supports The Financing Of Large, Small And Medium-sized Enterprises.
In 1996, ABB Established The Card Processing Company "AzerCard" As The Basis For The Card Processing Business In The Country. In 1997, The Bank Started Working With Visa And MasterCard. Later, The Bank Expanded This Activity And Announced Partnerships With Global Payment Systems Such As American Express, UnionPay, Diners Club, And JCB. The Bank Offers Its Customers A Wide Range Of Payment Cards, Such As VISA, MasterCard, American Express, And Union Pay. The Bank Is The First And Only Bank In Azerbaijan To Offer Customers The Option To Order American Express Payment Cards And To Conduct Business With JCB Cards.
ABB Has The Largest Local ATM Network, Consisting Of More Than 900 Machines And More Than 13,000 POS End Points, Located At Trade And Service Points Across Azerbaijan. ABB Offers Pension And Salary Payments Via Payment Cards For The First Time In Azerbaijan. Currently, The Number Of Active Payment Cards In The Bank Exceeds 1.30 Million.
In 2019, ABB Launched Its Multi-functional Product Tamkart. In 2020, The Bank Launched ABB Miles Cards To Customers.
Supervisory Board
The Supervisory Board Of ABB Consists Of The Following Members:
- Chairperson: Shahmar Arif Oghlu Movsumov
- Emin Zamin Oghlu Hüseynov
- Khalid Nuradin Ohru Ahadov
- Matin Balasan Oghlu Eynullayev
- Fakhri Yashar Oghlu Ismayilov
- Majid Hassan Oglu Mammadov
- Rufat Ragim Oglu Alimardanov
Management Board
The ABB Management Board Consists Of Seven Members:
- Chairperson: Abbas Ibrahimov
- First Deputy CEO: Ilham Habibullaev
- Deputy CEO: Vasif Akhmedov
- Deputy CEO: Taleh Tahirli
- Deputy CEO: Agshin Amirov
- Deputy CEO: Nabi Aliyev
- Deputy CEO: Elmir Habibullayev
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Membership
ABB Is A Member Of The Following Professional Organizations And Systems:
- Azerbaijan Banking Association (ABA)
- Baku Stock Exchange (BSE)
- Society For Worldwide Interbank Financial Telecommunication (SWIFT)
- Global Payment System MasterCard International
- Global Payment System VISA International
- Global Payment System American Express
- International Information System, Reuters
- Azerbaijan-American Chamber Of Commerce
