Parabank

Parabank Azerbaijan is one of the oldest banks. The Bank was established as commercial bank in 1991 and transferred into a joint stock commercial bank in 1993. Parabank is one of the leading and stable banks in Azerbaijan. Within the whole term of activities carefully observed the account forms of the National Bank of Azerbaijan, and the relevant normative requirements on the capital adequacy. Parabank won the people's confidence and is in constant search of new bank products. The regional bank program is working effectively. This year a new Guba Branch will join the list of the bank branches in the regions, namely in Sumgait, Ganja, and Beylagan.

A number of innovations such as automation of the working systems, improvement of the logistics and renovation of the means of information and technology were achieved at Parabank. Collaboration with German-Azerbaijani Fund, the largest international partner of Parabank, has increase since 2004. The Bank fulfilled all o sots obligations within the framework agreement concluded with its partner. In 2004 Parabank established business relations with a number of international financial institutes with the aim to strengthen its international relations. The relations with the European Bank for Reconstruction and Development, Asian Development Bank, and International Finance Corporation can be an example for the aforesaid. Parabank aims at the retail banking development path maintaining its universality character.

Distinguished for its reliability and accuracy Parabank OJSC is loyal to its principles and using its experience in the bank sector Parabank carries out its quality policy in the manner cmplying with the following terms:

• In all cases to preserve its prestige of a reliable bank by the activities with customers, partners and employees.
• To offer a customer high quality services giving a possibility for being exceptional in one's choice, to render high quality services and constantly improve efforts for new achievements for its contribution to the bank sector of the Republic of Azerbaijan.
• Incessant improvement in activities and to be eager for the realization of new ideas
• To ensure the quality management system to be implemented in compliance with İSO 9001:2000 standards.

Taking incessant improvement principle and customer satisfaction as a priority our bank strives for increasing the effectiveness of its activities and works to satisfy each customer's demand. All the staff is involved into application of the new ideas with the aim to keep the Bank in the leading and competitive position.