Bank Of Baku

Omni Finance posts rise in client base

Omni Finance posts rise in client base
# 06 April 2010 15:32 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010 Azerbaijan-based nonbank lending institution Omni Finance’s loan portfolio stood at AZN 600 000, 10% up year-on-year, said Emin Sadigov, chairman of Omni Finance, while authorized stock capital in creased to AZN 160 000.

According to him, during this period the institution’s assets stood at AZN 200 000 and number of clients rose by 40% to 70, as of April 1.

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

It currently operates branches in Beylagan, Agdjabedi and Sumgait.
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