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But, the transfer of bank shares to non-state shareholders was banned in 1938. In 1935, the capital of BMI increased to 300 million Rials and increased to 2 billion Rials in 1952. Due to banking system constraints, the National Bank carried out all duties of Central Bank in the economy before 1956.
DekaBank was formed as a first private bank in Azerbaijan in 1989. Until the collapse of the USSR it served as a cooperative bank, whereas the Central Bank of Azerbaijan issued a license in 1992 which granted rights to the bank to offer all kinds of commercial banking services.
The law "On the National Bank of the Republic of Azerbaijan” and "On Banks and Banking Activity in the Republic of Azerbaijan were re-adopted in a new edition on dates 10 June 1996, and 14 June 1996, respectively. New bank laws allowed the banking system to become closer to the world banking experience and establish credit institutions.
On October 14, 2016, a Baku court sentenced former chairman of the board of the International Bank of Azerbaijan (IBA) Jahangir Hajiyev to 15 years imprisonment for grave crimes. [7] Additionally, the Court decided that Mr Hajiyev had to pay 63 million AZN (to Azerbaijan International Bank and 7 million AZN to Agro-credit CJSC. [ 8 ]
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
Freedom Holding Corp. [2] is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, and consumer banking.
The bank was founded on July 24, 1874. The first service point of Kapital Bank, which is the legal successor of Savings Bank of Azerbaijan, started to function as from July 24, 1874.
The bank is a medium-sized retail bank, serving the needs of Zambian companies, small and medium sized enterprises and individuals. As of December 2022 Access Bank Zambia had assets valued at ZMW:5,869,391,000 (approximately US$528.24 million), with shareholders equity of ZMW:962.87 million (US$86.66 million).