At this stage of development of Bank there were around 300 Banks in our country and period was accompained high inflation rates and bankcrupties of number of banks. To get the trust of clients was the most important at that period;
Bank became to expand its network and became the member of Association of Commercial Banks and Interbank Currency Exchange;

2000 - 2007

Integration to Foreign Financial Institutions

Starting from 2002 Parabank began its cooperation with German Azerbaijan Fund and attracted 2 mln EUR credit line for SME's financing as well as number of training on institution development and Bank received its first IFRS report from Pricewaterhousecoopers for 2003 results;
Bank opened its Beylagan branch and started its Microfinance operations and group lending operations
Parabank became one of the cofounders of Millicard Processing center;
Bank became a member of Visa clearing system

2007 - 2010

The Period of High growth

Bank implemented strategic growth plan covering 2008-2010 years and put ambicious plans forward;
Bank made a historical step by purchasing its own Headquarter, which is located in Samed Vurgun 60;
Bank got the membership of Azerbaijan Deposits Insurance Fund;
Bank became official dealer of Western Union in Azerbaijan and managed to settle this payment system in 26 Banks and 140 points of "Azerpost";
Bank managed to receive international ISO cerificate (ISO 9001-2000) proving the high quality of its services
Bank acquied Platinum sponsorship for AMFA's regular Investors Fair held in October;
Parabank has built good relations with number of Financial Instituions such as EBRD, KfW, Planis, DWM and others.
For today bank has 16 licensed branches of which 8 are located in regions. There are also 2 new branches which are without license yet.