About us / Our history and mission

"Expressbank" Open Joint Stock Company has been operating from 1989 to 2010 as "Azərnəqliyyatbank" Open Joint Stock Company. There were significant changes, including organizational structure taken place in 2008. In accordance with the decision of General Meeting of Shareholders and new strategy, "Azərnəqliyyatbank" Open Joint Stock Company proceeded to implementation of new brand policy. As a result of this process, bank was renamed to "Expressbank" Open Joint Stock Company and the bank passed state registration under new brand on 5 March 2010. Other relevant legal procedures will be completed in the nearest future.

New brand of the bank briefly embodying its strategic vision, values it is based on and ambitions it sets, is a challenge for its clients.

Bank presented new vision and mission report together with strategic plan for discussion of shareholders at the end of 2009.

Strategic vision of the Bank - Conversion of "Expressbank" to the leading bank which renders distinct services for business and population, has a wide sales network in the country and occupies front rows.

Mission report - "Expressbank" is a bank which meets the needs of clients for distinct services, employs professional and motivated team, constantly increases the value of investments using modern banking technologies to this effect.

In accordance with the new vision, the bank, being a corporate and retail-oriented bank and using new banking technologies, will offer high quality services for its customers. Implications of global economic crisis, repeated evaluation of risk factors, vision of shareholders and new trends in financial sector were taken into account in the course of elaboration of new strategy. Thus, the bank constantly works on development of customer services from the point of view of quality, speed, convenience, and satisfaction of clients is one of the primary objectives of the bank. Loan and deposit products offered by the bank are distinguished with their competitiveness in the market as well as it is foreseen to develop and present new products in future.

"Expressbank" Open Joint Stock Company thoroughly expands cooperation with financial institutions, banks and other foundations; thus, at present the bank negotiates with a number of foreign banks and financial institutions and intends to expand its activity in this field. The bank has already been admitted to the membership of Visa international payment system and negotiations on membership in Master Card international payment system are under way.

There are 10 branches of the bank, including 6 of them in the regions, are operating over the country up to present. Shareholders of the bank are local legal persons.