Rabitabank

Last updated
Rabitabank
Company type Open Joint-Stock Company
Industry Banking
FoundedJune 30, 1993
Headquarters
Baku, 28 May str., 33 AZ 1010
Number of locations
27 branches
Area served
Azerbaijan
Key people
Zakir Nuriyev,
Chairman of the Supervisory Board
Aydin Huseynov, Chairman of the Management Board
ProductsCash consumer loans, Urgent credit line, Kartmane, Rabita Mobile, RabitaBot
Number of employees
1200+
Website www.rabitabank.com

Rabitabank - was founded on June 30, 1993. It is an open joint stock company operating in the banking sector in Azerbaijan. [1]

Contents

About

Rabitabank started its activity in 1993 under license No. 136 of the Central Bank of the Republic of Azerbaijan. Rabitabank provides all types of financial services to individuals along with enterprises representing trade, production, construction, agriculture, transport, communication and other fields. Rabitabank is represented in 16 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 with its service network consisting of 27 branches, 74 ATMs, and two departments. [2] In 1994, with its admission to the Baku Interbank Currency Exchange and Azerbaijan Banks Association, the financial capabilities of the bank were further expanded. In 1994, the Yasamal branch, the first branch of "Rabitabank" OJSC, started operating. Rabitabank became a member of SWIFT, Europa International, and Visa International payment systems. [3] The Bank is also a principal member of money transfer systems such as Western Union, Zolotaya Korona, and Contact. The Bank rebranded in 2019, changing the logo and corporate style. [4] [5]

Banking products

Kartmane

Kartmane, which includes debit, credit, and premium cards, enables quick payments both within Azerbaijan and anywhere in the world. The Kartmane card has a large network of partners, making it possible to perform free card-to-card money transfers and ATM cashing services.

Rabita Mobile

The application provides for the execution of many banking transactions online. Through Rabita Mobile, more than 700 payments can be made using a smartphone. The application also includes features like card-to-card money transfers, Split Bill, Send to Friends, MoneySend, VAT refunds, and Parking payments.

RabitaBot

It is the first chatbot in Azerbaijan to conduct financial transactions on the "Messenger" and "Telegram" platforms. RabitaBot allows users to quickly send funds via telegram, make utility payments, apply for cards or loans.

Service network

Rabitabank is one of the financial institutions with a service network in Azerbaijan, with 27 branches, 74 ATMs, and two branches. The Bank provides services for both individuals and legal entities. Rabitabank provides services to more than 400,000 customers. Rabitabank also takes an active part in a number of social programs implemented by the state.

Management

Awards

Related Research Articles

<span class="mw-page-title-main">Debit card</span> Card used for financial transactions, usually without a credit line

A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card, but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase.

<span class="mw-page-title-main">EFTPOS</span> Type of Electronic Funds Transfer system

Electronic Funds Transfer at Point Of Sale, abbreviated as EFTPOS; is the technical term referring to a type of payment transaction where electronic funds transfers (EFT) are processed at a point of sale (POS) system or payment terminal usually via payment methods such as payment cards. EFTPOS technology was developed during the 1980s.

<span class="mw-page-title-main">Transaction account</span> Bank holding that clients can access on demand

A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds. In accounting terms, they are considered as cash.

The Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution by assets in Brazil and Latin America. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in São Paulo, where it is part of the Índice Bovespa, in the New York Stock Exchange and in the Madrid Stock Exchange.

<span class="mw-page-title-main">Giro (banking)</span> Payment transfer from one bank account to another bank account and initiated by the payer

A giro transfer, often shortened to giro, is a payment transfer from one current bank account to another bank account and initiated by the payer, not the payee. The debit card has a similar model. Giros are primarily used in Europe; although electronic payment systems exist in the United States, it is not possible to perform third-party transfers with them. In the European Union, the Single Euro Payments Area (SEPA) allows electronic giro or debit card payments in euros to be executed to any euro bank account in the area.

<span class="mw-page-title-main">Banco de Oro</span> Philippine banking company

BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Mandaluyong, the Philippines. BDO Unibank is a member of the SM Group and so can be found at SM Malls throughout the country.

<span class="mw-page-title-main">Payment card</span> Card issued by a financial institution that can be used to make a payment

Payment cards are part of a payment system issued by financial institutions, such as a bank, to a customer that enables its owner to access the funds in the customer's designated bank accounts, or through a credit account and make payments by electronic transfer with a payment terminal and access automated teller machines (ATMs). Such cards are known by a variety of names, including bank cards, ATM cards, client cards, key cards or cash cards.

An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network.

<span class="mw-page-title-main">PrivatBank</span> Largest Ukrainian commercial bank

PrivatBank is the largest bank in Ukraine by assets. It was formed on 19 March 1992 and has been owned by the Government of Ukraine since 2016. In early 2024, it was confirmed by the National Bank of Ukraine as one of the country's systemically important banks.

<span class="mw-page-title-main">Malaysian Electronic Payment System</span>

The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).

ATM usage fees are the fees that many banks and interbank networks charge for the use of their automated teller machines (ATMs). In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users. There is usually a higher fee for use of White-label ATMs rather than bank owned ATMs.

<span class="mw-page-title-main">Banking agent</span>

A banking agent is a retail or postal outlet contracted by a financial institution or a mobile network operator to process clients’ transactions. Rather than a branch teller, it is the owner or an employee of the retail outlet who conducts the transaction and lets clients deposit, withdraw, transfer funds, pay their bills, inquire about an account balance, or receive government benefits or a direct deposit from their employer. Banking agents can be pharmacies, supermarkets, convenience stores, lottery outlets, post offices, and more.

<span class="mw-page-title-main">International Bank of Azerbaijan</span> Joint-stock bank

ABB is the largest bank in Azerbaijan, it’s an open joint-stock company whose shares are owned by the Azerbaijani state. Its head office is located in Azerbaijan.

National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.

AccessBank is a bank headquartered in Baku, Azerbaijan, that operates as a financial institution within the banking sector of the country. It has a network of over 32 branches across Azerbaijan, offering various banking services to individuals and businesses.

<span class="mw-page-title-main">CB Bank</span>

CB Bank is one of Myanmar's oldest and largest commercial banks. It became the first bank in Myanmar to issue ATM cards and credit cards. The bank, led by U Khin Maung Aye (Chairman) and U Kyaw Thu Ko (CEO) has over 200 branches across the country.

Vocalink is a payment systems company headquartered in the United Kingdom, created in 2007 from the merger between Voca and LINK. It designs, builds and operates the UK payments infrastructure, which underpins the provision of the Bacs payment system and the UK ATM LINK switching platform covering 65,000 ATMs and the UK Faster Payments systems.

Asia Green Development Bank is a public commercial bank in Burma (Myanmar) providing banking services and products. It was one of 4 private banks to commence operations in August 2010 when the government issued four new banking licences and the first new financial institutions in the country since the establishment of Innwa Bank in 1997. Its headquarters are situated in Yangon, Myanmar. The bank began trading on the Yangon Stock Exchange when it opened in 2016. The bank was founded by Tay Za and was a subsidiary of parent company Htoo Group, whose 15% stake was sold to new shareholders. In 2016 Infosys provided AGD Bank with Finacle front and backend solutions for online banking systems.

The Finance system in Azerbaijan consists of government policy and arrangements for borrowing and lending and the transfer of assets. The system is composed of banks, insurance companies, other financial institutions, pension system, financial markets and payment systems.

<span class="mw-page-title-main">Taleh Kazimov</span> The governor of the Central Bank of Azerbaijan

Taleh Kazimov Governor of the Central Bank of the Republic of Azerbaijan.

References

  1. Azerbaijan, Central Bank of the Republic of. "Banks". www.cbar.az.
  2. "Open Joint-stock company Rabitabank, Accounting Firms in Azerbaijan (AZ) | Aurigin". www.aurigininc.com.
  3. "Главная страница | Banco.az". banco.az (in Russian). 1 February 2017.
  4. "Rabitəbank 90 aztəminatlı ailəyə ərzaq yardımı göstərdi!". Qafqazinfo (in Azerbaijani). 19 June 2023.
  5. "Rabitə Bank • Bfb.az". Bfb.az. Retrieved 2024-04-15.
  6. "Zakir Nuriyev". www.rabitabank.com.
  7. "Rauf Aliyev". www.rabitabank.com.
  8. "Aslan Khasiyev". www.rabitabank.com.