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Trading

List of Banks in Azerbaijan

Published by Gbaf News

Posted on June 14, 2012

1 min read

· Last updated: June 11, 2018

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Banking Digital banking M&A Central Banks

YapiKredi Bank Azerbaijan
AFB Bank
AGBank
DekaBank
ASB
Nakhchivanbank
Atrabank
KredoBank
Azerbaijan Credit Bank
Rabitabank
Bank BTB
AtaBank
Bank of Azerbaijan
Bank of Baku
International Bank of Azerbaijan
Bank Silk Way
Bank Standard
Azer-Türk Bank
DemirBank
European Bank for Reconstruction and Development
Bank Melli Iran
Expressbank
AccessBank
Günay Bank
Bank Eurasia
Kapital Bank
Evrobank
MuganBank
Amrahbank
NBC Bank
National Bank of Pakistan
Transcaucasus Development Bank
PAŞA Bank
Parabank
Bank Respublika
Royal Bank
Texnikabank
Ganjabank
TuranBank
VTB Bank Azerbaijan
United Credit Bank
Nikoil Bank
Xalq Bank
Unibank
Zaminbank
 
 

Key Takeaways

  • Azerbaijan’s banking sector comprises one central bank and around 21 commercial banks as of 2026.
  • Systemically important institutions include International Bank of Azerbaijan, Kapital Bank, PASHA Bank, Bank Respublika and Unibank.
  • Several listed banks in the article are now defunct and have exited the sector.
  • The sector remains fairly concentrated with key players dominating assets and services.
  • Banking operations are primarily centered in Baku, the capital

References

Frequently Asked Questions

How many banks operate in Azerbaijan?
As of 2026, there is one central bank and about 21 private commercial banks operating in Azerbaijan.
Which are the systemically important banks in Azerbaijan?
The Central Bank of Azerbaijan designated International Bank of Azerbaijan, Kapital Bank, PASHA Bank, Bank Respublika and Unibank as systemically important for 2026.
Are all banks listed still active?
No, several banks listed—such as AGBank, Amrahbank, NBC Bank, Zaminbank, DemirBank, United Credit Bank, Atrabank, Bank Silk Way, Evrobank, Parabank, Standard, and Günay Bank—are now defunct.

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