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Bank of Baku targets to open 5 more regional branches by 2012

Bank of Baku targets to open 5 more regional branches by 2012

19 November 2009 16:27 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. Azerbaijan-based Bank of Baku is planning to open another 5 regional branches by the end of 2011.

The bank said that its branch coverage will be expanded under the long-term development strategy.

The bank currently operates 16 branches, 25 ATMs and 205 POS-terminals across the country.

One of the first commercial banks in Azerbaijan, Bank of Baku was registered on 14 February, 1994 originally under the name of Tugay Bank. The key founder of BOB was the Turkish company Nab DÄ±ÅŸ Ticaret.
On 10 February 1997, Bank of Bakuâ€™s name was changed to Bank of Baku and it was reregistered as a joint stock commercial bank in August 1997.

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