Bank Of Baku

Mughanbank open two more branches

Mughanbank open two more branches
# 30 October 2008 13:21 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s Mughanbank has opened two branches in Baku and Goranboy, said Zaur Hajiyev, chairmam of the bank’s audit commission.
The branch in Baku is located at 2348, Neapol Street and the branch in Goranboy is located at 137, H.Aliyev Street.
At present the bank has 23 branches and 5 offices in Baku, Sumgait, Khirdalan, Gandja, Mingechevir, Ismayilli, Guba, Samukh and Goranboy.
As of October 1, Mughanbank’s assets stood at AZN 91.851 million, loan portfolio at AZN 67.294 million, deposit portfolio at AZN 34.434 million, total capital at AZN 14.981 million and authorized capital at AZN 12 million.
Mughan Bank has been in operation since 1992. The bank operates 23 branches, 25 ATMs and 62 POS-terminals.
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