Finance

Finance

Amrahbank opend a new branch in Baku

01 December 2009 16:39 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. Amrahbank has opened a new branch in Baku, bringing the number of its branches to 24.

The branch will offer the bankâ€™s full range of services to clients.

Emil Mammadov, Chairman of Amrahbank, said at the opening ceremony that launching a new branch is part of the bankâ€™s strategy to expand its branch network.

"We took the decision to open a branch after analyzing the current situation on the market," he added.

Amrahbank is one of the oldest (est. 1993) and leading commercial banks of Azerbaijan. It offers a wide range of retail and corporate banking products such as deposits, loans, money transfers, documentary transactions and investment advisory services. The Bank is a member of various professional organisations such as the Deposit Insurance Fund, Mortgage Fund, National Entrepreneurship Fund and Azerbaijan Banks Association. The strategic partnership with the International Investment Bank based in Bahrain (through a 49% shareholding), has played a key role in further developing many areas of Amrahbank including corporate governance, international cooperation and product and services quality.