Bank Of Baku

Gandjabank to open representative office and branch this month

Gandjabank to open representative office and branch this month
# 05 September 2008 14:56 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerrbaijan-based Gandjabank plans to open a representative office in Baku and a branch in Barda by late September.
The bank said that the National Bank of Azerbaijan is due to grant a license for the branch and office.
As of July 1, Gandjabank’s assets stood at AZN 27.147 million, loan portfolio at AZN 24.642 million, deposit at AZN 3.418 million, total capital at AZN 11.493 million and authorized capital at AZN 10 million. The bank operates 2 branches and 1 office across the country.
Gandjabank has been in operation since 1994.
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THE OPERATION IS BEING PERFORMED