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Bank of Baku to hold general meeting of shareholders in February

12 January 2009 12:44 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Bank of Baku will hold general a meeting of shareholders on February 25.
The bank said a number of issues, including the financial performance in 2008, plans for 2009, distribution of profit and current issues will be discussed at the meeting.
As of October 1, Bank of Bakuâ€™s assets stood at AZN 185.149 million, deposit portfolio at AZN 145.616 million, loan portfolio at AZN 153.773 million, total capital at AZN 25.521 million and authorized capital at AZN 6.8 million.
The bank currently operates 15 branches, 2 offices, 23 ATMs and 226 POS terminals.
One of the first commercial banks in Azerbaijan, Bank of Baku was registered on 14 February, 1994 originally under the name of Tugay Bank. The key founder of BOB was the Turkish company Nab DÄ±ÅŸ Ticaret. On 10 February 1997, Bank of Bakuâ€™s name was changed to Bank of Baku and it was reregistered as a joint stock commercial bank in August 1997.