Unibank (Azerbaijan)

Unibank is one of the largest private banks established in Azerbaijan in July 1992 under the name of MBank.[1] In 2021, Unibank co-founded the first Azerbaijani neobank called Leobank.[2]

Unibank
FormerlyMBank, PROMTEKHBANK
TypeA Joint-Stock Commercial Bank
IndustryBanking
Founded22 August 1992
Headquarters
55, Rashid Behbudov Street, Baku, AZ 1014
,
Azerbaijan
Area served
Azerbaijan
Key people
Eldar Garibov – main shareholder,
European Bank for Reconstruction and Development (EBRD) – shareholder
ProductsFinancial services
Number of employees
1,238

The bank was established on 15 October 2002 as a result of the merger of the two advanced private commercial banks of Azerbaijan MBank and PROMTEKHBANK. On October 15, 2002, after the merger of MBank with PROMTEXBANK, one of the leading banks of Azerbaijan,[3] the bank's name was changed to Unibank.

Leobank
Leobank
Industryfintech, banking
FoundedAugust 2021
Headquarters
Baku
Area served
Azerbaijan
Websitehttps://www.leobank.az/

Leobank is the first Azerbaijani neobank built and launched on the basis of Unibank in 2021.[4]

Leobank was developed by the Fintech Farm company of Dmytro Dubilet together with Unibank in order to develop digital banking in Azerbaijan. Leobank was launched in August 2021, with a pre-order campaign. In November 2021 the banking cards became available to all customers.[5]

With Leobank cards, clients can get a credit limit directly in the application, store personal funds, receive cashback and make various payments. The card can also be used as a debit card. In January 2022, the number of bank customers exceeded 100,000.[6][2]

According to the Unibank report for January 2022, the Leobank mobile application is used by 35,400 customers per day; the number of active users per week reaches 81,000. During the period of operation, the bank conducted more than 3 million 200 thousand transactions worth more than 200 million manats.[7]

The symbol of the bank is a lion with a purple mane.[8]

Marketing

Unibank were the main sponsors of the Azerbaijan Premier League, the highest Azerbaijani football division until 2009.[9][10][11]

See also

References
  1. "Unibank Qarabağ Dirçəliş Fonduna dəstəyinə görə sertifikat alıb". az.trend.az. September 9, 2021. Retrieved February 2, 2022.
  2. "Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets". TechCrunch. 13 January 2022. Retrieved 2022-03-14.
  3. "Глава наблюдательного совета азербайджанского "Unibank" удостоен высшей награды Франции (ФОТО)". www.trend.az. April 14, 2015. Retrieved February 2, 2022.
  4. "Дмитрий Дубилет запускает мобильный банк в Азербайджане? (обновляется)". Banker.ua (in Russian). 2021-07-27. Retrieved 2022-03-14.
  5. "Дубилет и Витязь запустили Fintech Farm — делают платформу для запуска необанков". AIN.UA (in Russian). 2021-07-28. Retrieved 2022-03-14.
  6. "Pulsuz olan Leo kart nədir, hansı üstünlükləri var və necə əldə etmək olar? - İZAH" (in Azerbaijani). 2021-12-20. Retrieved 2022-03-14.
  7. ""Qara kart"dan istifadə edənlərin sayı açıqlandı - 200 MİLYON MANATLIQ ƏMƏLİYYAT". marja.az (in Azerbaijani). Retrieved 2022-03-14.
  8. Леус, Вадим (2021-07-27). "Дмитрий Дубилет запускает мобильный банк в Азербайджане". mc.today (in Russian). Retrieved 2022-03-14.
  9. "Azərbaycan Respublikası Prezidentinin Fərmanı". azertag.az. February 3, 2016. Retrieved February 2, 2022.
  10. Unibank стал главным спонсором профессиональной футбольной лиги Archived 2011-07-28 at the Wayback Machine (in Azerbaijani)
  11. Азербайджанский «Unibank» стал официальным спонсором Премьер-лиги (in Azerbaijani)

[1]

  1. ""Unibank"ın rəhbərliyi dəyişib, İdarə Heyətinə yeni sədr təyin olunub".
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