Samad Vurgun St. 60

Baku, AZ-1000


Company description

Finance: Banking

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News and information about Parabank

Azerbaijan Closes Four More Lenders
Global Banking News (GBN); July 22, 2016; 275 words
...four of its remaining 45 banks. The Financial Markets Supervisory Authority revoked the licenses of Dekabank, Kredobank, Parabank and Zaminbank and said that the move was intended to reduce risks in the market. The bank said that the lenders had failed...
Consolidation of Banks in Azerbaijan to Reduce Their Costs -- Fitch
Cihan News Agency (CNA); April 14, 2016; 361 words
...two mergers were announced: Atrabank, Gunay Bank united with Caucasus Development Bank NBC Bank, Kredobank united with Parabank After that, Gunay Bank refused to merge with Atrabank and Caucasus Development Bank. Azerbaijan's NBC Bank signed a letter...

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Industry information

NAICS codes 
North American Industry Classification System (NAICS) codes are used to classify businesses for the purpose of collecting statistical data related to the U.S. economy. NAICS codes have been assigned to international companies to help organize all companies by type of activity.  

Primary: 522110 - Commercial Banking


SIC codes 
Standard Industrial Classification (SIC) codes classify establishments by their primary type of activity. SIC codes are a U.S. Census Bureau system but can apply to international companies.  

Primary: 6021 - National Commercial Banks industry report