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Azerbaijan Unibank expands branch network

Business Materials 16 February 2012 14:50 (UTC +04:00)

Azerbaijan, Baku, Feb 16/ Trend N. Ismaylova/

Azerbaijan Unibank will open a Darnagul branch in Baku within the month, the bank told Trend on Thursday.

"We plan to open another branch in Baku this month or at the beginning of the next one. Also this year we plan to open a branch in a suburb, but its location has not yet been clarified," the bank spokesperson said. Today its head office and 15 branches are operating in Baku.

Regional branches of the bank operate in Sumgait, Quba, Sheki, Ganja, Mingachevir, Lankaran and Shamkir.

Unibank was established on Oct. 15, 2002 as a result of a merger between the MBANK and PROMTEKHBANK private commercial banks. Unibank is a universal finance and credit institution offering retail and corporate services.

The shareholders of the bank are 11 individuals (76.52 per cent), the European Bank for Reconstruction and Development (15.15 per cent) and the German Investment Corporation DEG (8.33 per cent).

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