As of 2026, there are 22 banks operating in the territory of Azerbaijan. These include the nation's central bank (the Central Bank of Azerbaijan) and 21 private commercial banks.
Central bank Central Bank of Azerbaijan
Commercial banks
English name Call name Licence date Majority Owner Capital Website “Accessbank” CJSC Accessbank 25 October 2002 ADB accessbank.az “AFB Bank” CJSC AFB Bank 28 November 2008 afb.az “International Bank of Azerbaijan” OJSC ABB 30 December 1992 Azerbaijan Investment Holding abb-bank.az “Azerbaijan Industry Bank” OJSC ASB 28 September 1996 Anadolu Investment asb.az “Azer-Turk Bank” OJSC ATB 29 June 1995 State Service on Property Issues atb.az “Bank Eurasia” OJSC BankAvrasiya 28 November 2007 bankavrasiya.az “Bank of Baku” OJSC Bank of Baku 18 February 2005 NAB Holding bankofbaku.az Bank "BTB” OJSC Bank BTB 19 March 2010 btb.az “Bank Respublika” OJSC Bank Respublika 15 December 1992 Guliyev family bankrespublika.az "Premium Bank” OJSC Premium Bank 6 January 1994 Hamzayeva Zaria Kamil premiumbank.az “Bank VTB (Azerbaijan)” OJSC VTB 22 October 1993 VTB Group vtb.az “Expressbank” OJSC Expressbank 30 December 1992 Azenco expressbank.az "Xalq Bank" OJSC Xalq Bank 27 December 2004 İdeal Business Ko xalqbank.az “Kapital Bank” OJSC Kapital Bank 8 February 2000 PASHA Holding kapitalbank.az “Yelo” OJSC Yelo Bank 25 February 1994 Topaz Investment yelo.az “Pasha Bank” OJSC Pasha Bank 28 November 2007 PASHA Holding pashabank.az “Rabitabank” OJSC Rabitəbank 30 June 1993 Zakir Nuriyev rabitabank.com "TuranBank" OJSC TuranBank 30 December 1992 turanbank.az “Unibank” OJSC Unibank 10 December 1992 Eldar Garibov unibank.az “Yapi Kredi Bank Azerbaijan” CJSC YapıKredi Bank 11 January 2000 Yapı ve Kredi A.Ş. yapikredi.com.az “Ziraat Bank Azerbaijan” OJSC Ziraat Bank 30 December 2014 T.C. Ziraat Bankası A.Ş. ziraatbank.azForeign bank branch "Bank Melli Iran" (Baku Branch) BMI Baku 29 January 1993 Bank Melli Iran bmibaku.az
Defunct banks AtaBank Azal Bank Bank Silk Way Debutbank DemirBank Dresdner Bank Evrobank 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) DəmirBank (1989-2017) Caucasus Development Bank (-2016) Günay Bank (1992-2023) Muğanbank (1992-2023)
Recent developments As of early 2026, total assets of Azerbaijan's banking sector reached approximately 55–57 billion AZN, reflecting moderate growth supported by expanding credit activity.
The sector remains relatively concentrated, with several systemically important banks—including Kapital Bank, International Bank of Azerbaijan, PASHA Bank, and Unibank—playing a dominant role in the financial system.
See also Banking in Azerbaijan List of banks in Europe
References
External links
The list of the banks in Azerbaijan Banks.az