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AccessBank Azerbaijan
AccessBank is a bank with headquarters in Baku, Azerbaijan. Introduction Established in 2002, AccessBank Azerbaijan stands as a pioneering financial institution dedicated to fostering financial inclusion and supporting economic growth in Azerbaijan. With a robust network of branches (more than 30 branches) across the country, AccessBank provides a wide array of banking services to individuals and businesses, including savings and deposit accounts, loans, and innovative financial products tailored for micro, small, and medium-sized enterprises ( MSMEs). The bank's impressive growth is reflected in its valued financial data, including substantial net profits, indicative of its sound financial management and strategic initiatives. AccessBank's strong performance is underscored by key financial metrics such as total capital and total assets, which highlight its stability and resilience in the competitive banking sector. History AccessBank CJSC began its operations in Baku on October ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baku
Baku (, ; az, Bakı ) is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and of the Caucasus region. Baku is located below sea level, which makes it the lowest lying national capital in the world and also the largest city in the world located below sea level. Baku lies on the southern shore of the Absheron Peninsula, alongside the Bay of Baku. Baku's urban population was estimated at two million people as of 2009. Baku is the primate city of Azerbaijan—it is the sole metropolis in the country, and about 25% of all inhabitants of the country live in Baku's metropolitan area. Baku is divided into twelve administrative raions and 48 townships. Among these are the townships on the islands of the Baku Archipelago, and the town of Oil Rocks built on stilts in the Caspian Sea, away from Baku. The Inner City of Baku, along with the Shirvanshah's Palace and Maiden Tower, were inscribed as a UNESCO World Heritage Site in 2000. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia (Republic of Dagestan) to the north, Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The Azerbaijan Democratic Republic proclaimed its independence from the Transcaucasian Democratic Federative Republic in 1918 and became the first secular democratic Muslim-majority state. In 1920, the country was incorporated into the Soviet Union as the Azerbaijan SSR. The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the Soviet Union in the same year. In September 1991, the ethnic Armenian majority of the Nagorno-Karabakh region formed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small And Medium-sized Enterprises In Azerbaijan
Small and medium-sized enterprises are called as KOS (kiçik və orta sahibkarlıq) or KOM (kiçik və orta müəssisələr) in Azerbaijan. SMEs have a leading position in the provision of economic growth and employment in Azerbaijan. Classification of SMEs Azerbaijan also gave their categorization both relating to the number of employees work at the company and annual turnover. Categorization of enterprises is indicated like below: Governmental Statistic Committee defined this classification by taking into account various economic fields as below. Small and medium-sized enterprises are divided into two groups in Azerbaijan. * Individual entrepreneurs, the sole owner of the enterprise. Individual entrepreneurs are persons involved in the business sphere without the formation of any legal entity and possess unlimited liability. * Small and medium-sized enterprises, that is, legal entities, in which individual entrepreneurs are legally considered as small businesses. Individuals wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijani Manat
The manat ( ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 ''gapiks''. The first iteration of the currency happened in the times of the Azerbaijan Democratic Republic and its successor, the Azerbaijan Soviet Socialist Republic, with the issues happening in 1919–1923. The currency underwent hyperinflation, and was eventually substituted by the Transcaucasian rouble, which, in its turn, was converted to the Soviet ruble. In Soviet times, the common currency of the USSR was known as manat in the Azeri language. When Azerbaijan gained independence from the Soviet Union, it substituted the Soviet ruble with the manat, which also went through a period of high inflation in the first years, rendering the coinage obsolete. The current manat in circulation exists since the denomination in 2006, when 5,000 old manat (AZM) were substituted with the new currency. The currency has mostly been pegged to the US dollar, at what is now the ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Azerbaijan
Banking in Azerbaijan in its present form dates back to 1992, but it originates in the second half of the 19th century and continued through the Azerbaijan Soviet Socialist Republic, Soviet period. It consists of the country's central bank, the Central Bank of Azerbaijan, founded on 11 February 1992, and other Commercial bank, commercial banks. The commercial banks in the country are Joint-stock company, joint–stock. The only valid currency in Azerbaijan is the Azerbaijani manat. Only the Central Bank can issue manats. During the Transition economy, transition to a market economy in the 1990s, the banking system was not meeting the needs of Economic development, socioeconomic development as expected, and followed old, Law of the Soviet Union, Soviet laws. Banks in Azerbaijan have Bank reserves, mandatory reserves, determination of norms, regulations of liabilities between creditors and depositors, and deposit insurance. These laws were introduced in 1996 after the system proved to v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Azerbaijan
The Central Bank of Azerbaijan (CBA, az, Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku. The National Bank of the Republic of Azerbaijan was established by Decree of President of the Republic of Azerbaijan on Establishment of the National Bank of the Republic of Azerbaijan dated 11 February 1992. The National Bank of the Republic of Azerbaijan was renamed to “The Central Bank of the Republic of Azerbaijan” upon enactment of the Referendum Act of the Republic of Azerbaijan on “Making additions and amendments to the Constitution of the Republic of Azerbaijan” dated 18 March 2009. The status, goals, functions and authorities, as well as management and organizational structure of the Central Bank of the Republic of Azerbaijan, relations with public authorities and other persons as the central bank of the state, are determined by the Law of the Republic of Azerbaijan “On the Centra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Azerbaijan
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Azerbaijan
Currently, there are 26 banks in Azerbaijan, one of which is the state (The Central Bank of Azerbaijan) and 25 are private commercial banks. Central bank * Central Bank of Azerbaijan Commercial banks Defunct banks * AtaBank * Azal Bank * Bank Silk Way * Debutbank *DemirBank * Dresdner Bank * Evrobank * PAŞA Bank * AGBank (1992-2020) *Amrahbank (1993-2020) *AtaBank (1993-2020) *NBCBank (1992-2020) *Vahid bank *Zaminbank (1992-2016) * KredoBank (1994-2016) *United Credit Bank (1996-2016) *Bank of Azerbaijan (1993-2016) *Ganjabank (1994-2016) *Parabank (1991-2016) *Bank Technique (1994-2016) * Royal Bank (1993-2012) * DekaBank (1989-2016) *Atrabank (1992-2016) *Caspian Development Bank *Bank Standard (1995-2016) *DemirBank (1989-2017) *Caucasus Development Bank (-2016) References External links The list of the banks in AzerbaijanBanks.az {{List of banks in Europe * Banks Azerbaijan Azerbaijan Azerbaijan Azerbaijan (, ; az, Azərbaycan ), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Azerbaijan
The Politics of Azerbaijan takes place in a framework of a semi-presidential republic, with the President of Azerbaijan as the head of state, and the Prime Minister of Azerbaijan as head of government. Executive power is exercised by the president and the government. Legislative power is vested in both the government and parliament. The Judiciary is nominally independent of the executive and the legislature. The political system in Azerbaijan is authoritarian, as elections are not free and fair, political opponents are repressed, civil rights are limited, human rights abuses are widespread, corruption is rampant, and power is concentrated in the hands of President Ilham Aliyev and his extended family. Political history Azerbaijan declared its independence from the former Soviet Union on August 30, 1991, with Ayaz Mutalibov, former First Secretary of the Azerbaijani Communist Party, becoming the country's first President. Following a massacre of Azerbaijanis at Khojali in Nago ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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