Bank Of Baku

Parabank establishes new department in country

Parabank establishes new department in country
# 07 May 2010 12:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. For the porpose of supporting to development of small entrepreneurship in the country, Azerbaijan-based Parabank OJSC established new micro-finance department.

The main aim of bank is to organize the effective credit system for stimulating of production of small enterprises’ goods and services.

Owned by 23 individual persons Parabank has been in operation since 1991. The bank operates 15 branches, 10 ATMs and 127 POS-terminals across the country.
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THE OPERATION IS BEING PERFORMED