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Halgbank makes profit

Business Materials 18 November 2005 15:16 (UTC +04:00)

For the first time from the start of its operation the Azerbaijan’s Halgbank completed its financial year with profit, the bank’s official statement says, Trend reports.

Thus, the bank received profit in the amount of 69959,34 thousand AZM. Earlier the bank could not make the profit due to administrative, economic and depreciation costs. However, dynamic development of the customers’ base and introduction of new services and products, as well as professional approach of the team brought to success.

For the moment the Halgbank accomplishes the last phase of preparations of the image advertising to start shortly and to last over 2 months. The bank is ready to open its first branches вЂ" 1 in Baku and 1 вЂ" regional.

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