Bank of Azerbaijan to open two branches in October

Bank of Azerbaijan to open two branches in October
# 18 September 2008 10:22 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Bank of Azerbaijan plans to open two branches in October, said Muslum Mursalov, Chairman of the Bank.
He added that one of the branches will be established in Barda and the other at New Baku Bus Terminal Baku.
“We are expecting the National Bank of Azerbaijan to issue licenses for branches in a month,” he added.
As at July 1, the bank’s assets stood at AZN 105.109 million, loan portfolio at AZN 89.130 million, deposit portfolio at AZN 45 million, total capital at AZN 45.915 million and authorized capital at AZN 10 million.
Bank of Azerbaijan has been in operation since 1993. The bank has 18 branches, including 5 in regions.
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