Standard & Poor's rates Amrahbank as third most transparent bank in Azerbaijan
Azerbaijan, Baku, Oct. 26 / Trend /
Standard & Poor's, the world's foremost provider of independent credit ratings and risk evaluation services on 21 October 2010 released its survey of Transparency & Disclosure by Azerbaijani banks.
The survey ranked Amrahbank as the third most transparent bank in Azerbaijan among the 30 largest banks in surveyed. The top three banks of the survey had the following results: Accessbank 52 percent, Muganbank 44 percent, Amrahbank 44 percent.
"At Amrahbank we have made transparency and disclosure one of our key priorities and have enshrined it in our slogan - 'Your open and transparent bank'" said Khalig Ildirim-zada, Director of Business Development at Amrahbank. "Being recognised as one of the most transparent banks in Azerbaijan is a true testament to the hard work that has gone into ensuring we live up to this statement".
More details about the survey can be found on Standard & Poor's website:
Amrahbank is one of the oldest (est. in 1993) and leading commercial banks of Azerbaijan. It offers wide range of retail and corporate banking products and services such as the opening of current accounts, plastic card services, documentary operations, loans as well as retail and business loans, currency exchanges, local and international money transfers, utility bills and mobile operator subscription payment services, interbank deposits and loans, business consultations and other banking services.
Recent strategic partnership with the Bahrain based International Investment Bank (through 49 percent shareholding), has played a key role in further development of various spheres of Amrahbank's activity such as corporate governance, international cooperation, array and quality of products & services, etc