OJSC Azer Turk Bank was established by T.C. Ziraat Bank A.S. and Agrarcredit CJS NBCO (former Joint Stock Commercial Agrarsenaye Bank of Azerbaijan Republic) and commenced it’s functioning on 11 July 1995 according to the license №234 dated 29 June 1995, issued by the National Bank of Azerbaijan. The shareholders of the Bank with share capital at the amount of AZN 10.000.000 are: T.C. Ziraat Bank A.S. (46%), CJSC Agrarcredit (46%), Ziraat Bank İnternational AG (4%) and OJSC Turanbank (4%).
License given by NBA grants the right to receive deposits and other repayable funds in national and foreign currency (USD, EUR, TRY, RUB etc.) from individuals and legal entities, extend loans on it’s own name and account, as well as make money transfers and cash selltlements by customers’ instruction. According to this licese, bank can carry out another banking activities under the “Law on Banks” of Azerbaijan Republic except for buying and selling precious metals and stones, receiving and placing deposits of precious metals on it’s own account or on the account of customers. OJSC Azer Turk Bank has been functioning as a dealer since January 23, 2004 according to the license given by the State Securities Committee.
OJSC Azer Turk Bank has correspondent relations with the banks of Turkey, USA, England, Germany and Russia.
OJSC Azer Turk Bank is a member of Azerbaijan Banks’ Association, Baku Stock Exchange, Mili Kart Processing Centre, SWIFT, as well as Western Union, Xpress Money and MIGOM international payment systems and an international organization of plastic cards MasterCard İnternational.
USD 1.1103 JPY 158.93 BGN 1.9558 CZK 25.034 DKK 7.4620 GBP 0.84293 HUF 394.75 PLN 4.2800 RON 4.9735 SEK 11.3698 CHF 0.9365 NOK 11.8015