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Azerbaijan Industry Bank to open a new branch

Azerbaijan Industry Bank to open a new branch

12 March 2009 14:33 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan Industry Bank plans to open a branch in Sumgait in a few months, bringing the number of its branches to 8.
The bank said it is planned to set up two branches this year.
As of January 1, the bankâ€™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.
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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