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Atrabank plans to open a branch in Baku

Atrabank plans to open a branch in Baku

16 February 2009 12:19 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Atrabank plans to open one more branch in Baku in late March, said Elmikhan Nabiyev, Chairman of the Bank.
He added that the branch will be located at Ar-Riyad Shopping Center.
â€œWe are preparing the necessary paperwork to apply to the National Bank of Azerbaijan for a license,â€ he added.
At present the bank operates 11 branches, including 6 in Baku.
As at January 1, Atrabankâ€™s assets stood at AZN 35.181 million, loan portfolio at AZN 24.440 million, deposit portfolio at AZN 4.067, total capital at AZN 11.060 million and authorized capital at AZN 10.425 million.

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