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Azer-Turk Bank to be allowanced finance mean

Azer-Turk Bank to be allowanced finance mean

30 March 2010 08:44 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azer-Turk Bank intends to extend the activity in Azerbaijan, Chairman of Azer-Turk Bank Supervisory Board Mammad Musayev told to APA.

According to him, at present negotiations are being held on increase of capitalization of Azer-Turk Bank. â€œTurkish founders put forward a proposal to expand activity of the Bank and to raise its capital,â€ M. Musayev told.

Major direction of activity of Azer-Turk Bank is composed of import and export operations with Turkey.

AzerTurk Bank has been in operation since July, 1995. Establishers of the Bank are T.C.Ziraat Bankasi A.S. (Turkey), Aqrarkredit CJSC (Azerbaijan), Ziraat Bank International AG non-bank credit institution (Turkey) and Turanbank OJSC (Azerbaijan).
The bank operates 3 branches, 4 ATMs and 20 POS-terminal across the country.

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