Bank Of Baku

FINCA Azerbaijan’s two regional offices obtain branch status

FINCA Azerbaijan’s two regional offices obtain branch status
# 01 February 2012 14:36 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. FINCA Azerbaijan’s offices in Tovuz and Goranboy regions changed their statuses to Branch.

Organization’s director on special projects Zaur Nurmammadov says their Dalimammadli office will be subordinated to Goranboy branch, Govla office – to Tovuz branch.

He noted that, loan portfolio of Tovuz branch is $4.2 mln, number of clients – 5,082, staffs – 16. Goranboy’s customer base is 3,764staffs – 12, loan portfolio - $2.7 mln.

Note that, FINCA Azerbaijan operates 29 branches and 34 offices across the country. As at the end of last year, number of clients made 119,867. Loan portfolio makes $117 mln. Volume of loans given last year made $23.079 mln. Number of loans was 14,629.

FINCA Azerbaijan has been in operation since 1998.
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