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United Credit Bank to open a branch in Imishli

06 February 2009 08:55 (UTC +04:00)

Baku. Elnur Huseynquluyev â€“ APA-Economics. Azerbaijan-based United Credit Bank plans to open a branch in Imishli in late March, bringing the number of its branches to 6 across the country, said Vahid Aliyev, deputy chairman of the bank.
According to him, construction of a two-storied office building is on track of completion.
â€œWe are preparing paperwork to get a license from the National Bank of Azerbaijan. This branch will make available banking services to residents of Imishli and adjacent regions,â€ he added.
The bank operates 5 branches and 5 ATMs across the country.
Rossiyski Kredit Azerbaijani-Russian bank was established by 1 legal and 2 individual bodies in 1996 and was renamed in 1998 as United Credit Bank.
As of January 1, United Credit Bankâ€™s assets stood at AZN 32.351 million, loan portfolio at AZN 21.049 million, deposit portfolio at AZN 7.442 million, total capital at AZN 13.506 million and authorized capital at AZN 12.108 million.