Question 1

What is Ziraat Bank Azerbaijan?

Accepted Answer

Ziraat Bank Azerbaijan is a Turkish-owned commercial bank operating in Azerbaijan as a subsidiary of T.C. Ziraat Bankası, one of Turkey's largest and oldest state-owned financial institutions. Established as an Open Joint Stock Company (OJSC), the bank focuses on serving corporate, commercial, and retail customers while facilitating bilateral trade relations between Turkey and Azerbaijan.

The bank is part of the Ziraat Finance Group's international expansion strategy in the Commonwealth of Independent States (CIS) region, leveraging close historic and cultural ties between Turkey and Azerbaijan.

Question 2

When was Ziraat Bank Azerbaijan founded?

Accepted Answer

Ziraat Bank Azerbaijan was founded in 2014 when it received License No. 255 from the Central Bank of the Republic of Azerbaijan on December 30, 2014. The bank officially began operations in July 2015.

The establishment was part of T.C. Ziraat Bankası's strategic expansion into Azerbaijan, chosen for its economic growth potential, investment opportunities, and geographically strategic position. The parent bank, T.C. Ziraat Bankası, has a much longer history dating back to 1863 in the Ottoman Empire, making it one of the world's oldest banking institutions.

Question 3

Where is Ziraat Bank Azerbaijan headquartered?

Accepted Answer

Ziraat Bank Azerbaijan is headquartered in Baku, the capital city of Azerbaijan. The head office is located at 191 Hasan Bey Zardabi Street in the Yasamal district of Baku.

Question 4

Where does Ziraat Bank Azerbaijan operate?

Accepted Answer

Ziraat Bank Azerbaijan operates primarily in Baku, Azerbaijan's capital and largest city. The bank maintains a network of branches and ATMs throughout Baku to serve its corporate, commercial, and retail customers.

As a relatively young institution focused on strategic market segments, the bank concentrates its operations in Azerbaijan's key economic center rather than maintaining an extensive nationwide branch network.

Question 5

What services does Ziraat Bank Azerbaijan offer?

Accepted Answer

Ziraat Bank Azerbaijan provides a comprehensive range of banking services across three main segments:

Corporate Banking: Corporate loans, corporate deposits, corporate banking cards, POS terminal services, foreign trade services and letters of guarantee, commercial transaction services, and deposit boxes.

Retail Banking: Consumer loans, retail deposits, debit and credit cards, retail banking services, deposit boxes, and credit calculators. The bank serves individual customers with positive payment history and professional backgrounds.

Digital Banking: The bank offers modern digital services including mobile banking applications (available on Google Play), internet banking platforms, and security features such as SMS notifications, Hard OTP, and biometric identification. Customers can perform 24/7 banking operations including money transfers, payments, currency exchange, and account management.

Question 6

What makes Ziraat Bank Azerbaijan unique?

Accepted Answer

Ziraat Bank Azerbaijan serves as a bridge between Turkish and Azerbaijani business communities, with a strategic focus on facilitating bilateral trade relations between Turkey and Azerbaijan. The bank specifically targets the Turkish population residing in Azerbaijan and Turkish business entities operating in the country.

The institution benefits from the backing of its parent company, T.C. Ziraat Bankası, which was recognized as the most secure bank in Turkey and the second most secure bank in Western Europe by "The Banker" magazine. This heritage provides Ziraat Bank Azerbaijan with strong financial stability and international banking expertise.

With 99.98% ownership by T.C. Ziraat Bankası, and minority stakes held by Ziraat Teknoloji (0.01%) and Ziraat Yatırım Menkul Değerler (0.01%), the bank operates with full support from the extensive Ziraat Finance Group network spanning 20 countries.

Question 7

What type of financial institution is Ziraat Bank Azerbaijan?

Accepted Answer

Ziraat Bank Azerbaijan is a commercial bank structured as an Open Joint Stock Company (OJSC). The bank operates as a universal banking institution serving multiple customer segments including corporate, commercial, and retail clients.

As a subsidiary of a foreign state-owned bank, it functions as a foreign-owned commercial bank in Azerbaijan's banking sector, regulated by the Central Bank of the Republic of Azerbaijan. The bank provides both traditional banking services and modern digital banking solutions, positioning itself as a full-service commercial banking institution.

Ziraat Bank Azerbaijan

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About Ziraat Bank Azerbaijan in Azerbaijan