Finance

Finance

Amrahbank gets AZN 3 mln-profit during first half of 2013

09 July 2013 08:39 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. Azerbaijan-based Amrahbank’s profit during the first 6 months of 2013 made AZN 3 mln, up 3.8 times from 2012.

Established on 28 December 1993 under licence number 171 of the Central Bank of the Republic of Azerbaijan, Amrahbank is one of the leading and fastest growing banks in Azerbaijan. The Bank offers a wide variety of banking services, such as savings, corporate and consumer lending, documentary operations, credit cards, money transfers, investment advisory services, etc.

As a major milestone in Amrahbank’s development, in 2008 the bank completed a strategic sale of the 49% of its shares to the Bahrain based International Investment Bank (‘IIB’) (www.iib-bahrain.com). It is currently the fifth largest bank in Azerbaijan by number of branches. It has 22 branches of which 14 are located in the capital Baku. The bank’s 34 200 customer base is served by 325 talented employees.