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Omni Finance to boost assets in 2010

Omni Finance to boost assets in 2010

11 December 2009 17:01 (UTC +04:00)

Baku. Elnur Huseynquluyev - APA-Economics. Azerbaijan-based nonbank lending institution Omni Finance plans to boost its assets by 15-fold to AZN 3 million in 2010, said Emin Sadigov, chairman of Omni Finance.

According to him, it is planned to issue bonds of AZN 2 million to AZN 2.5 million to raise assets.

He said Omni Finance will also implement important projects in accordance with the strategic plan.

Owned by 3 local individuals, Omni Finance launched operation in 2003.

It currently operates branches in Beylagan, Agdjabedi and Sumgait.

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