Bank Of Baku

Azerdemiryolbank launches a new branch in Baku

Azerdemiryolbank launches a new branch in Baku
# 17 June 2009 16:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerdemiryolbank has launched a new branch in Baku, bringing the number of branches and subbranches to 32.

The new branch is located at 48A, Zahid Khalilov Street in Yasamal District, said the Bank.

The branch will provide the full range of Bank’s services to local customers.

The bank operates 14 branches in Baku and 18 in provinces.

Azerdemiryolbank has been in operation since 1989. The European Bank for Reconstruction and Development (EBRD) holds a 25%+1 stake in the bank, leaving 10% to the Netherlands Development Finance Company (FMO), 10% to legal entities and the rest to about 850 individuals.
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