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Azerbaijan Industry Bank to double the number of branches this year

Azerbaijan Industry Bank to double the number of branches this year

12 September 2008 15:00 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan Industry Bank intends to open 6 branches in October-November this year.
Hasan Incekara, Chairman of the Bank, said 4 branches will be established in regions and 2 in Baku.
Provincial branches will be in Sumgait, Lenkeran, Yevlakh and Berde. Besides, branches in Baku will be opened in Metbuat Avenue and Behbudov Street in late September
The bank was originally established as CIBank in 1996 and was renamed as Azerbaijan Industry Bank in late 2006.
As at July 1, assets stood at AZN 81.121 million, loan portfolio at AZN 47.819 million, deposit portfolio at AZN 47.853 million, total capital at AZN 19.265 million and authorized capital at AZN 12.8 million.
The bank operates 5 branches, 16 ATMs and 100 POS terminals across the country.

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