Azerbaijani Bank of Azerbaijan expands its branch network
Azerbaijan, Baku, Aug.2 /Trend A.Hasanov/
Bank of Azerbaijan's "Guba" Branch will start its activity from the end of August this year, the bank said on Thursday.
The branch license for banking operations have been issued in July 25, 2012 by the Central Bank of Azerbaijan.
On July 1, 2012 Bank of Azerbaijan's Assets amounted to 207.28 million manat, the loan portfolio - 182.42 million manat, deposit portfolio (term and demand deposits of business entities and individuals) is 120.18 million manat, the cumulative bank capital - 26.39 million manat and share capital is 33.5 million manat.
Bank of Azerbaijan is operating from December 1, 1993. At the present time, bank has 17 branches, 3 additional offices, 32 ATMs and 1855 POS-terminals.
Official exchange rate on Aug. 2 0.7855b AZN/USD