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YapÄ±Kredi Bank Azerbaijan opens a branch in Baku

26 January 2009 14:25 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. YakiKredi Bank Azerbaijanâ€™s (former KoÃ§Bank AzÉ™rbaycan) has opened a branch in Baku, bringing the number of its branches to 4.
The bank said the new branch is located at 151, Azadlig Avenue. The branch provides all banking services to clients.
Accordign to the bankâ€™s strategic plan, a further 13 branches will be established by 2010.
As at January 1, YakiKredi Bank Azerbaijanâ€™s assets stood at AZN 173.628 million, loan portfolio at AZN 78.724 million, deposit portfolio at AZN 128.795 million, total capital at AZN 26 million and share capital at AZN 14.496 million.
YapiKredi Bank Azerbaijan, owned by Turkeyâ€™s YapiKredi Bank (80%) and International Finance Corporation (IFC) (20%), has been in operation since 2000.
The bank operates 3 branches, 3 bureaus of exchange, 13 ATMs and 45 POS terminals.