UniBank will expand its branch network by 30%

UniBank will expand its branch network by 30%
# 01 December 2008 08:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s UniBank plans to open two branches – one in Mingechevir and one in Bakikhanov Area in December.
Faig Huseynov, chairman of the bank, said the both branches will be opened within two weeks.
He also noted that it is planned to open four more branches, including one in Lenkeran and three in Absheron within the coming four months.
The bank operates 22 branches at present.
As at October 1, UniBank’s assets at AZN 467.235 million, loan portfolio at AZN 347.932 million, deposit portfolio at AZN 111.902 million, total capital at AZN 64.129 million and share capital at AZN 15 million.
UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%).
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