Bank Of Baku

KredoBank plan to join three money transfer systems

KredoBank plan to join three money transfer systems
# 27 October 2008 09:24 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based KredoBank will soon make available money transfers through Contact.
Barateli Piriyev, Chairman of the Board, told APA-Economics that it is slated to join Blizko and MoneyGram by the end of this year too.
As of October 1, KredoBank’s assets stood at AZN 29.573 million, loan portfolio at AZN 21.312 million, deposit portfolio at AZN 6.679 million, total capital at AZN 14.648 million and authorized capital at AZN 13.040 million.
Owned by 11 individuals, KredoBank has been in operation since 1994. The bank operates 19 branches, 16 bureaus of exchange, 5 ATMs and 2 POS-terminals.
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