Unibank is one of the largest private banks established in
Azerbaijan
Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by ...
in July 1992 under the name of MBank. In 2021, Unibank co-founded the first Azerbaijani
neobank
A neobank is a type of direct bank that operates exclusively using online banking without traditional physical branches. They challenge traditional banks. In contrast to direct banks, in many cases, neobanks do not have their own banking license ...
called
Leobank.
The bank was established on 15 October 2002 as a result of the merger of two advanced private commercial banks of Azerbaijan, MBank with PROMTEXBANK, one of the leading banks of Azerbaijan. The merged bank was named Unibank.
Marketing
Until 2009, Unibank was the main sponsor of the
Azerbaijan Premier League
The Azerbaijan Premier League (), also known as Misli Premyer Liqası for sponsorship reasons, is a professional association football league in Azerbaijan and the highest level of the Azerbaijani football league system. It is contested by twelve ...
, the highest level of the
Azerbaijani football league system.
See also
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Banking in Azerbaijan
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Central Bank of Azerbaijan
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Economy of Azerbaijan
The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan pipeline, Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic g ...
References
{{Azerbaijan-stub