Baku, Azerbaijan, Nov. 10
By Azad Hasanli – Trend:
The Eurasian Bank, one of the biggest banks in Kazakhstan, is still interested in opening a subsidiary in Azerbaijan, the Kazakh bank’s press service told Trend Nov. 10.
The press service said that the bank sees prospects for the development of its role as a transactional hub.
The Eurasian Bank will focus on implementing its development strategy with an emphasis on retail business in Kazakhstan in 2018.
Earlier, Chairman of the Eurasian Bank’s Management Board Pavel Loginov announced plans on entering the Azerbaijani market.
As part of the expansion, the bank can also enter the markets of Georgia, Kyrgyzstan and Uzbekistan, said Loginov.
The Eurasian Bank has been operating since 1994. According to the results of October 2017, the bank’s assets amounted to about $2.9 billion, liabilities – to about $2.6 billion, and share capital – to $171.4 million.