Bank Of Baku

Bank of Baku will launch new deposit season next year

Bank of Baku will launch new deposit season next year
# 25 November 2009 15:27 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. Azerbaijan-based Bank of Baku will launch a deposit campaign in January or February 2010, said Jalal Gasimov, chairman of the Board.

According to him, deposit rates will not be increased because of the liquidity issues on the market, he added.

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 Dış Ticaret.
On 10 February 1997, Bank of Baku’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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