Azər Türk Bank
in Azerbaijan 🇦🇿
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About Azər Türk Bank in Azerbaijan
Azər Türk Bank is a state-owned commercial bank headquartered in Baku, Azerbaijan. As an Open Joint Stock Company, the bank provides comprehensive retail and commercial banking services to both individual and corporate clients across Azerbaijan.
With approximately 500 employees and 8 branches nationwide, Azər Türk Bank is a mid-sized player in Azerbaijan's banking sector. As of 2017, the bank's total capital exceeded AZN 50 million (approximately $29 million), and recent reports indicate continued growth with total capital reaching AZN 103.753 million as of October 2024.
The bank is majority state-owned (75% by the State Committee on Property Issues), with significant Turkish ownership through Ziraat Bank of the Republic of Turkey (12.37%) and other institutional shareholders.