Bank of Baku makes 875.000 of revenue this year

Business Materials 14 April 2006 17:23 (UTC +04:00)

The pure revenue of the Bank of Baku made 875.000 AZM this year this is 52% or 299.000 AZM more than in the similar period of the last year, the Bank` s press-release told Trend. The total revenue has grown from 868.000 AZM or 54% to 2.46 million AZM with expenditures of 351.000 AZM or 35%.

The bank` s assets reached 47.57 million AZM this year. The loan portfolio grew to 29.63 million AZM. The deposit portfolio grew to 33.18 million AZM. The founding fund is 6,8m AZM and the total capital has increased to 13.62m AZM.

The Bank has also started providing population with express-services via its branch offices. The first branch office of the bank Express1, located at the Tbilisi av, 1054 will open its doors to customers in the mid April.

The given offices being located in the areas with the

highest concentration of clients will work from 9:00A.M. till 20:00P.M. with no break, which will improve the performance and reduce the time clients have to wait in queues.

The bank will provide its clients with such services as opening of deposit accounts, withdrawing cash, conducting money transfers (WU, Migom, Travelex, Bistraya Pochta), operations with credit cards, payments for communal and mobile services, purchase and sell of American Express cards, currency exchange and etc.

Several such offices are expected to be opened by the bank by the end of this year both in the capital and in the regions.