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Parabank opens a branch in Baku

Parabank opens a branch in Baku

02 October 2008 14:20 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Parabank has opened a branch in Baku, bringing the number of its branches to 11.
The new branch is located at 41, Sherifzade Str.
The bank has 7 branches in Baku and 4 in regions, including Gandja, Sumgayit, Beylagan and Aghjabadi. It is planned to open 4 branches in Baku, Guba, Shemkir and Gandja in the future.
As of July 1, Parabankâ€™s assets stood at AZN 56.5 million, loan portfolio at AZN 33.79 million, deposit portfolio at AZN 30.43 million, total capital increased at AZN 11.95 million and authorized capital at AZN 9.394 million.
Owned by 23 individuals, Parabank has been in operation since 1991.

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