One of the world’s leading financial editions The Banker has awarded ABV Award “Bank of the Year”. In a statement, a commended publishing noted that the assignment of this award bank AVA served as flexibility and ability to adapt the bank to a rapidly changing business environment during a pandemic period, as well as its solid financial condition.
The statement also noted that in spite of the fact that the coronavirus pandemic and low oil prices have fallen into the economy of Azerbaijan, effective state support measures were able to reduce the risk of these consequences and ensure the country’s economic development over the past two years.
The title “Bank of the Year” ABV also took an adequate position in the process of restoring the economy. As a result of the adoption of the right decisions in the changed conditions, the Bank was able to preserve its profitability and improve the position of capitalization.
also the bank continued to implement interesting social projects that promote the development of society. In his statement, The Banker magazine especially allocated the activities of the ABB Tech Academy created by ABV at the end of 2019. The Academy has made a great contribution to the development of supply in the labor market of our country, having prepared more than 300 specialists in the field of information technology.
The publication also highlighted the introduction of the first contactless tariff at the railway network of our country, which jointly introduced the Central Bank of Azerbaijan, the Bank ABV, Azerbaijan Railways and the International Payment Organization Visa. This became an important step in expanding non-cash settlements in Azerbaijan, especially in terms of the development of contactless payments in the transport sector. The Bank ABV also became the first financial institution in Azerbaijan, introduced the SWIFT GPI system on its own digital channels, and creating new operating opportunities for customers in accordance with international standards.
Chairman of the Board of Bank Abbas Ibrahimov said: “Getting a reward” Bank of the Year “- good news for our customers and partners on the eve of the 30-year-old anniversary of the bank ABV. This is an objective assessment of the achievements of ABB Bank. International strategic circles are also interested in our strategic development projects. And our results are highly rated. “
Here you can familiarize yourself with the full list of banks awarded the title “Bank of the Year” in 2021.
Information on modern, useful, universal products and services of ABV can be obtained from the branches and departments of the bank, on the official website https://abb-bank.az/, calling the information center for the short number 937, as well as on The official page of the bank in the social network Facebook.