Parabank JSC has played an active role in the development of small and medium businesses for the past 17 years. Offering traditional banking services through its extensive branch network, Parabank strives to develop a deep understanding of customers' needs and to provide them with valuable solutions.

In 2007, the bank's assets grew 30.93 percent, its credit portfolio increased 63.84 percent. Parabank is also the official distributor of Western Union's international money transfer system and facilitates international money transfers through post offices in Azerbaijan.

Cooperating with international finance organizations since 2002, Parabank received two million euros from German-Azerbaijan Foundation. In addition, Parabank cooperates with Commerzbank, Raiffaizenbank, Alfa Bank and other institutions.

As part of its 2009 Strategic Plan, Parabank is opening 20 branch in regions of Azerbaijan including Agdjabedi, Shemkir, Guba, Qazakh and others for the further development of SME, agricultural, and other sectors of economy.

Company website: www.parabank.az