Amrahbank increases its authorised capital to AZN 50 mln

On August 3, 2012, the Shareholders’ General Meeting of Amrahbank OJSC approved the increase of the Bank's authorized capital to reach AZN 50 000 000 and the Management Board was authorized to take the requisite steps in this regard.

As of 01.08.2012 Amrahbank’s total shareholders equity was AZN22 028 570.

Established in 1993 Amrahbank is one of the oldest and leading commercial banks of Azerbaijan.

It offers wide range of retail and corporate banking products and services such as opening of current and deposit accounts, plastic cards, clearing operations, consumer and business loans, local and international money transfers, documentary operations, trade finance, etc.

Strategic partnership with the Bahrain based International Investment Bank since 2008 (through 49% shareholding), has played a key role in further development of various spheres of Amrahbank’s activity such as corporate governance, international cooperation, array and quality of products & services, etc.

Currently, head office, 19 branches and 3 sub-branches of the bank operate. The Bank’s branch network covers the capital and the regions of our republic such as Lankaran, Tovuz, Bilasuvar, Barda, Ganja and Masalli.

/Today.Az/