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Amrahbank opens new â€œOperationâ€ branch (R)

Amrahbank opens new â€œOperationâ€ branch<font color=red> (R)</font>

27 April 2009 09:42 (UTC +04:00)

Amrahbankâ€™s new â€œOperationâ€ branch commenced its business on April 2009 and is located at the ground floor of Caspian Plaza business centre in central Baku. As part of its new strategy, Amrahbank will not be serving customers at its head office as it will only function for its middle and back office. Operation branch was formed for the purpose of separating front office from the head office and serving all the existing customers of the head office as well as all other existing and new customers of Amrahbank. Although both retail and corporate banking services are offered at the Operation branch, corporate banking will be the main focus. Corporate customers receive services tailored to their needs and business circumstances and are offered packaged products emcompassing credit lines, salary cards, personal employee loans, project and trade financing, documentary transactions, investment advisory, etc. ATM machine is also available just outside the branch.

Amrahbank is one of the oldest (est 1993) and leading commercial banks of Azerbaijan. It offers wide range of retail and corporate banking products such as deposits, loans, money transfers, documentary transactions, investment advisory and etc. Amrahbank is one of the most profitable banks of Azerbaijan (ie top 3 in terms of Return on Equity - 31 Dec 2008) and has one of the largest branch networks across different regions of Azerbaijan (top 8 in terms of branch network â€“ 31 dec 2008). The Bank is a member of various professional organisations such as Deposit Insurance Fund, Mortgage Fund, The National Business Assistance Fund, Azerbaijan Banks Association, and etc. Recent strategic partnership with International Investment Bank (through 49% shareholding), based in Bahrain, has played a key role in further developing many areas of Amrahbank such as corporate governance, international cooperation, array and quality of products & services, etc.