Xalqbank Ojsc (Azerbaijan)

The Bank provides retail and corporate banking services to individuals, private entrepreneurs, and legal entities primarily in Azerbaijan. Its retail banking products and services include current accounts and savings deposits; mortgage, car, consumer, credit card, and consumer loans; money transfer; and utilities, mobile phone, and B B TV payments. The company's corporate banking products and services comprise services on settlement accounts and services; loans; financing for international trade operations; and savings deposits. It also offers deposit safes for keeping documents and valuables; ATM, salary, and corporate card services; Internet, mobile, and SMS banking services; services on buying/selling gold bars; cash-settlement, interbank loan, and foreign exchange services. In addition, the company engages in the securities market transactions, including broker and dealer operations. The Bank is based in Baku, Azerbaijan.
The Bank was founded in December 2004 and actually its activity started in March 2005.
History:
2013
December - Opening of “Shirvan” branch
June - Share capital of Xalq Bank is increased till 183 693 180,00 AZN
April - Opening of “Lenkoran” branch
2012
December - Opening of “Sahil” and “20 January” branches
November - Xalq Bank and Pasha Bank sign agreement about combining ATM network
October - Xalq Bank implemented Cash-in ATM
September - Opening of correspondent account with Raiffeisen International AG and Aktif Bank, Turkey
July - Xalq Bank connected up to Monex express money transfer system
May - Xalq Bank starts to issue mortgage loans within the mortgage programme of the Bank; Opening of correspondent account with Russlavbank
April - Opening of “Sheki” branch
March - Share capital of Xalq Bank is increased till 169 099 374,00 AZN
2011
December - Opening of “Gusar” and “Shamakhi” branches; Share capital of Xalq Bank is increased till 140.492 610 mln AZN; Opening of correspondent account with Raiffeisen Bank, Moscow
November - New branch is opened in Guba
October - Share capital of Xalq Bank is increased till 82,895 400 mln.AZN
September - Opening of “Ahmadli” branch in Baku; Opening of correspondent account with Standard Chartered Bank, UK
July - Bank starts to ussue internet cards
May - Xalq Bank connected up to Zolotaya Korona express money transfer system
April - Opening of “Ismailli” branch
March - Bank launches new PIN-change service for cardholders
Signing of contract with Lithuanian company Forbis for implementation of the new banking system of Forpost
Xalq Bank implements new payments systems of Golden Pay - AgentPay and BillPay
February - Opening of correspondent account with “Asya Katılım Bankası”, Turkey
January - Opening of “Gazakh” branch
2010
September - New services Internet Bank and Mobil Bank are launched
August - Opening of “Shabran” branch; Opening of correspondent account with Standard Chartered Bank, China
May - Share capital of Xalq Bank is increased till 72,828 mln.AZN
Xalq Bank connected to Reuters - international information and dealing system
Xalq Bank implements online payments system of Golden Pay - PortalPay
April - Share capital of “Xalq Kapital” LTD is increased till 210 thous. AZN
March - Xalq Bank implements system for Bakcell and “B B TV Communication” services payment
February - Opening of “Khachmaz” branch
2009
August - Xalq Bank connected up to KOeMIS (Centralized Utilities Payments System)
July - New service SMS-Banking is launched
June - Opening of Neftchilar branch
Xalq Bank started to issue Visa International plastic cards
Connected up to PrivatMoney express money transfer system
May - Connected up to Contact express money transfer system
March - Xalq Bank has been elected a prenipotentionary credit organization of National Fund for Entrepreneurship Support (NFES)
February - Opening of correspondent account with Privatbank, Ukraine
January - Connected up to Migom express money transfer system
2008
December - Opening of correspondent account with Russlavbank, Russia
Opening of Genja branch
November - Opening of Merkez branch in Baku
September - New service for retail customers - selling of gold bars is launched
May- Opening of Jalilabad” branch
Opening of Yevlakh branch
2007
December - Opening of “Mingechevir” branch
September - Joining European Economic Chamber of Trade, Commerce and Industry (EEIG)
Bank becomes a shareholder of Kapital Bank, having bought 20 of its shares
August - Opening of “Neftchala” branch
July - Bank becomes a member of Deposit Insurance Fund of Azerbaijan
June - Share capital of Xalq Bank is increased till 53,55 mln.AZN
May - Opening of Nakhchivan division
January - Opening of correspondent account with Raiffeisen Bank, Austria
Share capital of Xalq Bank is increased till 36,25 mln.AZN
2006
December - Xalq Bank develops and implements system for Nar Mobile (Azerfon) services payment
June - Bank becomes an associate member of Master Card International
April - Opening of “Sumgayit” branch
March - The first mortgage loan of State Mortgage Program is issued
Opening the first branch of Xalq Bank – “Zagatala” branch
January - Opening of correspondent account with Sberbank, Russia
2005
December - Establishing of correspondent relations with American Express Bank, New-York
October - Joining American Chamber of Commerce in Azerbaijan
September - Launching of local cards issuance
The first ATM is installed at the Head Office
Connection to Western Union express money transfer system
June - Opening the correspondent account with Impex Bank, Russia
Joins to “Bistraya Pochta” express money transfer system
Becomes a member of SWIFT
Joining the Azerbaijan-Russia business chamber
Establishing of correspondent relations with Dresdner Bank, Frankfurt
March - Bank becomes a member of Azerbaijan Bank Association
2004
December - Bank is registered at National Bank of Azerbaijan (License number 246 issued on Dec 27, 2004)