Amrahbank is one of the leading and fastest growing banks in Azerbaijan. The Bank offers a wide variety of banking services including corporate and consumer lending, documentary operations, current and saving accounts, credit cards, money transfers, investment advisory services, insurance, etc.
As part of its key growth plans, Amrahbank is actively involved in establishing partnerships with major international financial institutions in such areas as wholesale capital, bilateral credit lines, trade finance, project financing, technical assistance, etc. Examples of recent accomplishments include the following:
- Gulf Finance House (GFH). Amrahbank is acting as the distributor of GFH’s investment products in Azerbaijan and Kazakhstan.
- Islamic Development Bank (IsDB). Amrahbank received lines financing for its small and medium sized enterprises from Islamic Corporation for the Development of Private Sector (ICD)and Islamic Trade Finance Corporation (ITFC) , subsidiaries of IDB.
- OPEC Fund for International Development (OFID). Amrahbank received trade finance facility.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters
Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012 Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market. Source: Suntech