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New Chairpersons of two commercial banks appointed in Azerbaijan

01 September 2008 16:12 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Guliyeva Zehra Bayazeddin, deputy chairwoman of Zamin bank, has been appointed as Chairman of the board of the Bank.
Baratali Piriyev, Former Chairman of the Bank, has been appointed as the Chairman of Kredo Bank.
Prior to this, Alla Susnikova headed this bank.
As of July 1, Zamin Bankâ€™s assets stood at AZN 115.433 million, loan portfolio at AZN 69.308 million, deposit portfolio at AZN 37.683 million, total capital at AZN 12.956 million and authorized capital at AZN 11.195 million.
Established in 1992, Zamin Bank has 20 branches, 6 offices, a representative office in Moscow, 20 ATMs and 938 POS terminals.
As of July 1, Kredo Bankâ€™s assets stood at AZN 26.130 million, loan portfolio at AZN 19.357 million, deposit portfolio at AZN 4.017 million, total capital at AZN 14.351 million and authorized capital at AZN 12.640 million.
Owned by 11 local individuals, Kredo bank has been in operation since 1994.
The bank operates 9 branches.