Bank Of Baku

NBCBank opens a new branch

NBCBank opens a new branch
# 27 January 2009 15:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s NBCBank has launched a branch in Sumgait, bringing the number of its branches to 7.
The bank said its new branch will provide a full range of banking services to clients.
The bank plans to establish 4 new branches within the scope of its 2008-2010 strategic plan.
As of January 1, the bank’s assets stood at AZN 39.832million, loan portfolio at AZN 34.158 million, deposit portfolio at AZN 5.351 million, total capital at AZN 14.652 million and authorized capital at AZN 13.589 million.
Established in 1992, Ruzi Bank was renamed as NBCBank in 2002.
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