Azər Türk Bank
Azer-Turk Bank is an Azerbaijani state-owned bank that provides retail and commercial banking services. It is an open joint stock company established on May 25, 1995,[1] based on a license issued by the Central Bank of Azerbaijan. As of 2017[update], the bank's total capital exceeded AZN 50 million (US$29 million).
Based on the bank's license, it can attract deposits, grant credits in its name, and perform transfers and settlement-and-cash transactions on behalf of clients. It can also carry out other activities stipulated by the Bank Law of the Azerbaijani Republic at its own or clients' expense, excluding activities in purchasing and selling precious metals and gems, attraction to deposit, and placement of precious metals.
The Azer-Turk Bank Open Joint-Stock Company maintains correspondence relations with banks of Turkey, the United States, England, Germany, and Russia.
