Bank Of Baku

Finca Azerbaijan intends to change to bank

Finca Azerbaijan intends to change to bank
# 26 November 2013 14:29 (UTC +04:00)

Baku. Nail Huseynli – APA-Economics. As of November 1, 2013, Azerbaijan-based Finca Azerbaijan non-banking organization’s revenues made $10 mln, loan portfolio – $200 mln, said the Chief Financial Officer at Finca Azerbaijan Marco De Natale.

 

According to him, total capital of the organization is AZN 40 mln and is planned to be increased to AZN 45 mln by the year-end.

 

At the same time, in June, 2013, Finca Azerbaijan started bond issue in amount of AZN 10 mln.

 

Natale says Finca Azerbaijan is conducting negotiations with the Central Bank of Azerbaijan and intends to change to bank organization soon.

 

 

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