The Rabita Bank was founded in 2001 as Rabitachi Baku, and then take its current name in 2004. Since the first edition of the Superleague, the club is one of the stars of the championship teams, now getting third place. Club participated for the first time in an official competition in the European CEV Cup 2007-08, but was eliminated immediately by OK Hit Nova Gorica.
In the season 2008-09, reaches the quarter-finals of the Challenge Cup and was eliminated from the Club Voleibol Albacete and wins for the first time the championship in the final against Azerrail. The season 2009-10 campaign starts with a good buy: the team wins the championship again and get the third place in the CEV Cup, losing in the semifinals against Futura Volley Busto Arsizio, but winning the final for bronze against VC Uralochka-NTMK Yekaterinburg.