Bank Of Baku

AGBank intends to increase financial performances

AGBank intends to increase financial performances
# 14 March 2011 09:43 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AGBank is expected to get AZN 3 mln profit, in 2011, Chairman of Board of Directors Azer Movsumov told APA.

According to him, bank will finish the 2011 with profit: “Bank’s loss made AZN 69 000 in 2010 and it was related to other expenses”.

Besides, benk plans to increase the assets by 20% to AZN 300 000, loan portfolio by 25% to AZN 230 mln. At the same time, POS-terminals and ATMs will be doubled to 600 and 100.

Remind that, AGBank has been in operation since 1992. The bank operates 16 branches, 55 ATMs and 371 POS-terminals across the country.
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