Private company

DekaBank

Azerbaijani bank based in Baku1

DekaBank was formed as the 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 authorized the bank to offer all kinds of commercial banking services. The devaluation in 2015, along with the decline in oil prices on global markets, led to the collapse of Azerbaijan's banking sector.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1989Founded1

DekaBank was formed as the 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 authorized the bank to offer all kinds of commercial banking services.2

Products and brands

  • financial services

Listed on Wikidata.1

Timeline

  1. 1989Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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  2. 2