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Unibank is one of the largest private banks established in
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 t ...
in July 1992 under the name of MBank. In 2021, Unibank co-founded the first Azerbaijani neobank called Leobank. The bank was established on 15 October 2002 as a result of the merger of the two advanced private commercial banks of Azerbaijan MBank and PROMTEKHBANK. On October 15, 2002, after the merger of MBank with PROMTEXBANK, one of the leading banks of Azerbaijan, the bank's name was changed to Unibank.


Leobank

Leobank is the first Azerbaijani neobank built and launched on the basis of Unibank in 2021. Leobank was developed by the Fintech Farm company of Dmytro Dubilet together with Unibank in order to develop digital banking in Azerbaijan. Leobank was launched in August 2021, with a pre-order campaign. In November 2021 the banking cards became available to all customers. With Leobank cards, clients can get a credit limit directly in the application, store personal funds, receive cashback and make various payments. The card can also be used as a debit card. In January 2022, the number of bank customers exceeded 100,000. According to the Unibank report for January 2022, the Leobank mobile application is used by 35,400 customers per day; the number of active users per week reaches 81,000. During the period of operation, the bank conducted more than 3 million 200 thousand transactions worth more than 200 million manats. The symbol of the bank is a lion with a purple mane.


Supervisory Board

The following are members: * Eldar Garibov – Chairman of the Supervisory Board * Faig Huseynov – Member of the Supervisory Board, Deputy Chairman of the Supervisory Board * Emin Guliyev – Member of the Supervisory Board * Elkhan Garibli – Member of the Supervisory Board * Kamen Zahariyev – Member of the Supervisory Board


The Management Board

The following are members: * Farid Abushov – Chairman of the Management board, Executive Director * Heybat Gadirov – Member of the Management Board, Deputy Chairman of the Management Board, First Deputy Executive Director * Faig Zeynalov – Director of Finance, Member of the Management Board, Chief Financial Officer * Emin Rasulzada – Member of the Management Board


Marketing

Unibank were the main sponsors of the Azerbaijan Premier League, the highest Azerbaijani football division until 2009.


See also

*
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 Cent ...
*
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 establish ...
*
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 p ...


References

https://apa.az/az/maliyye/unibankin-rehberliyi-deyisib-idare-heyetine-yeni-sedr-teyin-olunub-738503 2002 establishments in Azerbaijan Azerbaijani companies established in 2002 Banks established in 2002 Companies based in Baku Banks of Azerbaijan {{Azerbaijan-stub