Baku. Elnur Huseynguluyev – APA-Economics. Azernagliyyatbank is planning to open 5 more branches across the country within 2010.
Emin Mammadov, the bank’s chairman of board told APA that this plan was indicated in the new strategic plan for upcoming years.
According to him, the majority of the branches will be established in regions and investigations on the identification of their locations are being carried out.
The bank operates 8 branches.
As of January 1, the bank’s loan portfolio stood at AZN 20.526 million, deposit portfolio at AZN 44.224 million, while total equity capital was AZN 26.525 million and authorized capital was AZN 25.215 million.
Azernagliyyatbank was established in 1989.
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