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Azerdemiryolbank and Embawood launch joint campaign

Azerdemiryolbank and Embawood launch joint campaign

19 May 2009 16:26 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Azerdemiryolbank and Embawood have launched a new campaign to offer furniture on credit.

According to an agreement, Azerdemiryolbank will allow a loan to customers in the size of AZN 300 to 3 000 for a period of up to 18 months at 25% per annum to purchase furniture from Embawood

The bank said it also plans to launch several new products and services.

Established in 1989, Azerdemiryolbank operates 28 branches across the country.

As of January 1, assets stood at AZN 224.698 million, loan portfolio atAZN 168.592 million, deposit portfolio at AZN 49.497 million, total capital at AZN 37.398 million and authorized capital stock at AZN 13.40 million.

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