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Azerbaijan Credit Bank to open first branch

Azerbaijan Credit Bank to open first branch

10 February 2009 10:40 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan Credit Bank plans to open its first branch in Baku in the first half of this year.
The bank said the address of the branch will be picked up after a board meeting which will also pass a decision on the preparation of necessary documents, date of opening and other issues.
As at January 1, the bankâ€™s assets stood at AZN 26.908, loan portfolio at AZN 26.102 million, deposit portfolio at AZN 4.835 million, total capital at AZN 11.914 million and authorized capital at AZN 10.205 million.
Azerbaijan Credit Bank, owned by 11 individuals, has been in operation since 2005.

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