Bank Of Baku

Finance for Development non-banking organization to increase loan portfolio by 15% this year

Finance for Development non-banking organization to increase loan portfolio by 15% this year
# 07 October 2010 08:01 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Finance for Development non-banking organization is expected to increase the loan portfolio to AZN 7.5 mln as at end of year, up 15% compared with 2009, chairman of Board of Directors Jalal Aliyev told APA.

According to him as of October 1, 2009, the loan portfolio rose 12% to AZN 7 mln. Number of staffs surged 17% to 7 000.

He also noted that the company would increase its authorized capital by 60 times to AZN 300 000.
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