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Azerbaijani bank announces tender on repairing five branches

Business Materials 5 February 2014 16:50 (UTC +04:00)

Baku, Azerbaijan, Feb. 5
By Emin Aliyev - Trend:

DemirBank has announced a tender for repairing and constructing two bank branches in Baku (Sabail and Nasimi) and three branches in the regions of the country (Agdash, Sheki and Massali, the tender commission said on Feb. 4.

The tender bids may concern all above-mentioned branches, one or several of them. The bids valid for at least 30 days from the date of opening are received not later than 12:00 on February 24, 2014. The bids will be opened at the head office of the bank at 14:00 on Feb. 24, according to the report.

for additional information:

contact person: Rauf Amirjanov;
address: 31, Karabakh st., Baku;
telephone: +99412 444 7171 (ext. 759).

The first commercial bank of Azerbaijan, DemirBank began its operations in October 1989. Shareholders include large international financial institutions such as the European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Finance Company (FMO). DemirBank has a "B" rating with a "stable" forecast from Fitch Ratings and Planet Rating. These ratings are one of the highest ratings in the Azerbaijani banking sector.

The bank has 32 branches in Azerbaijan, 13 of which are located in Baku.

Translated by NH
Edited by CN

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