Atabank OJSC was a commercial bank headquartered in Baku, Azerbaijan, established in 1993. It offered a range of financial services including retail banking, corporate banking, loans, deposits, and money transfers. For many years, Atabank was a notable player in the Azerbaijani financial sector. However, in April 2020, the Central Bank of Azerbaijan revoked Atabank's license due to significant financial issues, including capital inadequacy and inability to meet obligations to creditors. Subsequently, the bank was declared bankrupt and entered into liquidation proceedings.
The headquarters served as the central administrative office, overseeing all strategic decisions, banking operations, risk management, and corporate governance for Atabank OJSC before its closure.
As a key financial institution, the headquarters likely occupied a modern office building in Baku's business district, equipped with necessary banking infrastructure. Specific architectural highlights are not widely documented.
Prior to its closure, the work culture would have been typical of a banking environment, emphasizing financial acumen, customer service, regulatory compliance, and a hierarchical structure. Post-closure, all operations ceased.
The headquarters was the core of Atabank's operations and a symbol of its presence in the Azerbaijani banking sector until its license was revoked.
Atabank OJSC's operations were primarily concentrated within Azerbaijan. While it likely maintained correspondent banking relationships with international financial institutions to facilitate foreign currency transactions and international trade finance for its clients, it did not have a significant network of physical branches or offices outside of Azerbaijan.
102 Şəmsi Bədəlbəyli küçəsi
Baku
N/A
Azerbaijan
Address: Multiple branch locations across Azerbaijan (e.g., Ganja, Sumgait, Lankaran). Specific addresses are no longer actively listed post-liquidation.
To serve the banking needs of the population and businesses in different regions of Azerbaijan, facilitating local economic activity and providing access to financial services.
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As of April 2025, AtaBank OJSC' leadership includes:
AtaBank OJSC has been backed by several prominent investors over the years, including:
No significant executive hires or standard exits were publicly reported in the 12 months leading up to Atabank's license revocation in April 2020. The primary event was the dissolution of the entire executive team and board due to the bank's bankruptcy.
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Prior to its closure, Atabank OJSC likely used standard corporate email formats for its employees. These email addresses are no longer active.
Common formats would be [first_initial][last_name]@atabank.com or [first_name].[last_name]@atabank.com. For example, 'fgasimov@atabank.com' or 'e.gasimov@atabank.com'.
Format
example@atabank.com (No longer active)
Example
0 (The domain is inactive, and the bank is defunct; emails will not be delivered).%
Success rate
Trend News Agency • April 28, 2020
The Management Board of the Central Bank of Azerbaijan (CBA) has revoked licenses of Azerbaijan’s Atabank OJSC and Amrahbank OJSC. This decision was made due to the aggregate capital of these banks being lower than the minimum requirement, and the adequacy ratio of aggregate capital being lower than three percent. The banks also failed to fulfill their obligations to creditors....more
APA Information Agency • May 1, 2020
Baku Court of Appeal #1 has adopted a decision on declaring Atam Bank OJSC and Amrah Bank OJSC bankrupt. The Azerbaijan Deposit Insurance Fund has been appointed liquidator of the banks....more
Azernews • October 14, 2020
The Azerbaijan Deposit Insurance Fund (ADIF) continues to pay compensations to depositors of AtaBank and Amrahbank, both of which had their licenses revoked in April 2020. The article discusses the process and amounts of compensation for insured deposits....more
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