Bank Of Baku

Azerbaijan Industry Bank gets “Success Award”

Azerbaijan Industry Bank gets “Success Award”
# 03 March 2009 15:14 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Industry Bank has been awarded “Success” in the category of National Award for Bank of the Year.
The bank was of one of the recognized banks for its successful strategic and tactical plans.
The award was given due to the bank’s achievements in business and economy.
As of January 1, the Bank’s assets stood at AZN 78.029 million, loan portfolio at AZN 36.101 million, deposit portfolio at AZN 32.560 million, total capital at AZN 16.142 million and authorized capital at AZN 12.8 million.
Consumer lending doubled to AZN 9.631 million.
The bank was originally established as CIBank in 1996 and was renamed as Azerbaijan Industry Bank in late 2006.
It operates 7 branches, 19 ATMs and 187 POS-terminals.
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