Bank Of Baku

Expressbank extends branch network

Expressbank extends branch network
# 28 July 2010 07:39 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s Expressbank JSC will open its two new branches by the end of the year according to the strategy 2010 raising the number of branches to 10. The bank aims to be closer to its clients and to provide qualitative financial services, the bank sources told APA-Economics.

Expressbank assets were AZN 76.329 million, deposit portfolio – AZN 43.071 million, including AZN 11.892 million personal savings by July 1, 2010. Its credit portfolio reached AZN 37.811 million, including AZN 12.676 million consumer credits. The bank’s total capital reached AZN 28.047 million, including AZN 26 million of nominal capital, until the end of reporting period.

Expressbank’s predecessor was Azernegliyyatbank from 1989 to March, 2010. 58.6% of bank’s shares belong to physical entities, 41.4% - legal entities.
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