Bank Of Baku

Bank of Baku makes available MoneyGram services

Bank of Baku makes available MoneyGram services
# 26 August 2008 13:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Bank of Baku has launched money transfer services through MoneyGram.
The bank said this service is available in all of its branches.
Also, Bank of Baku uses Contact, Coinstar, PrivatMoney, Migom, «pressMoney, Western Union and Bıstraya Pochta for money transfers.
As of July 1, the bank’s assets stood at AZN 176.224 million, loan portfolio at AZN 152.983 million, deposit portfolio at AZN 146.869 million, total capital at AZN 23.572 million and authorized capital at AZN 6.8 million.
One of the first commercial banks in Azerbaijan, Bank of Baku was registered on 14 February, 1994 originally under the name of Tugay Bank. The key founder of BOB was the Turkish company Nab Dış Ticaret. On 10 February 1997, Bank of Baku’s name was changed to Bank of Baku and it was reregistered as a joint stock commercial bank in August 1997.
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