Bank Avrasiya to launch a branch in Sumgait

Bank Avrasiya to launch a branch in Sumgait
# 06 October 2008 15:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Bank Avrasia may start a branch in Sumgait in January next year, said Arif Ismayilov, Deputy Chairman of the Bank
He added that an application will be sent to the National Bank of Azerbaijan this week for a license.
“I hope we will open the branch after the regulatory body’s approval,” he added.
Bank Avrasiya was issued a license in November, 2007.
As of July 1, the bank’s assets stood at AZN 41.886 million, loan portfolio at AZN 25.894 million, deposit portfolio at AZN 19.981 million, total capital at AZN 20.107 million, share capital at AZN 20 million.
It has 30 POS terminals and 1 ATM.
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