Unibank


Address: Azerbaijan Republic, Baku, AZ1022 Rashid Behbudov str., 57
Telephone: (+994 12) 498 22 44
Fax: (+994 12) 498 09 53
Email: bank@unibank.az
Website: http://www.unibank.az/
SWIFT: UBAZAZ22


Description:

Unibank was established on 15 October 2002 as a result of the merger of the two advanced private commercial banks of Azerbaijan - MBANK (1992) and PROMTEKHBANK (1994).

Unibank is one of the largest private banks of Azerbaijan sporting the paid-up authorised capital in the amount of AZN 15 mn, while its consolidated capital exceeds AZN 65 mn as calculated in accordance with the international standards.

Unibank Commercial Bank Open Joint-Stock Company was registered (as MBANK) with the National Bank of the Azerbaijan Republic (the licence No. 72) on 27 July 1992. PricewaterhouseCoopers is the official auditor of Unibank.

Unibank CB is a universal finance and credit institution offering the retail and corporate services of various types and purposes; Unibank also serves other finance and credit institutions. From day one, the Bank has been building up its relationship with the customers on the principles of equal partnership, mutual support and complete confidence.

So as to ensure the efficient development of the business, the Management of the Bank as supported by the specialist company Glendale Consultancy Limited (UK) developed the 2003-2007 Business Development Plan in accordance with the international standards.

Unibank was also one of the first banks in Azerbaijan to break the ground in long-term co-operation with the International Finance Corporation (IFC), the German-Azeri Fund GAF), the Islamic Corporation for the Development of the Private Sector (ICDPS), the Black Sea Trade and Development Bank (BSTDB), VTB-Europe and other finance institutions in the fields as diverse as trade, production, construction, transport, services, etc.

The leadership status of Unibank in the banking market of Azerbaijan is affirmed by its having been given a number of prominent international awards:

  • The Most Actively Developing Bank under the EBRD Trade Finance Programme in Azerbaijan in 2003; awarded by the EBRD in April 2004.
  • The Fastest Growing Bank in Azerbaijan; awarded by the reputed UK finance and business magazine The Banker in January 2005.
  • The Best Bank in Azerbaijan in 2005; awarded by the reputed UK finance and business magazine Euromoney in July 2005.
  • The Bank of 2005 in Azerbaijan; awarded by The Banker in September 2005.
  • The Best Bank in Azerbaijan in 2007; awarded by Euromoney.

Today, the Bank offers its customers the broad range of banking products and services including cash settlements, currency exchange operations and all the trade finance facilities (letters of credit, COLA and bank guarantees), as well as lending, deposits, plastic cards, cash collection, support for bank cheques, consultancy, etc. The Bank works actively on borrowing and on-lending money in the inter-bank lending market.

The Bank is a member of a number of specialised unions and organisations – the international as well as domestic ones:

  • The Baku Inter-Bank Currency Exchange (BICEX);
  • The Chamber of Commerce and Industries of Azerbaijan;
  • The Association of the Banks of the Azerbaijan Republic;
  • The US Chamber of Commerce in Azerbaijan;
  • The National Confederation of Entrepreneurs of Azerbaijan;
  • The Association of the National Development Finance Institutions in the Member-Countries of the Islamic Bank for Development (ADFIMI),
  • The German-Azeri Union for Economic Assistance;
  • The Baku Stock Exchange (also being one of the founders of this one).



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