Bank ABB

ABB OJSC was founded on January 10, 1992, as a joint-stock bank. ABB is currently one of the leading banks in the South Caucasus region in terms of assets, customer base and international operating portfolio. With 66 branches and 13 sub-branches in different regions of Azerbaijan, the bank provides universal banking services to private and corporate clients. The number of legal entities served by the bank is about 18,000 and individual clients are more than 2.2 million. The bank employs more than 3100 people.

According to the Decree of the President of the Republic of Azerbaijan No. 1174 dated November 5, 2020, “On ensuring the activities of the Azerbaijan Investment Holding”, the Bank ABB Open Joint-Stock Company was transferred to the management of the Azerbaijan Investment Holding.

IBA operates as a universal bank, leveraging its national presence along with subsidiary banks in Russia, Georgia, and Qatar, alongside international representative offices strategically located in London, Frankfurt, Luxembourg, Dubai, and New York.

ABB closely participates in large-scale state projects in sectors such as oil chemistry, transport, communications, energy, etc. It also actively supports the financing of large, small, and medium-sized businesses.

In 1996, ABB established the company "AzerCard", which served as a base of the card processing business in the country. In 1997, the Bank began cooperation with Visa and MasterCard, and later announced partnerships with international payment systems including American Express, Union Pay, Diners Club, and JCB.

ABB has the largest local network of ATMs consisting of more than 900 machines, and over 13,000 POS terminals located at trade and service points across Azerbaijan. ABB also provides pension and wage payments through payment cards. At present, the number of active payment cards of the bank is over 1.3 million.

In 2019, ABB introduced the multifunctional product Tamkart.