OREANDA-NEWS. February 08, 2007. AMRAHBANK JSB having 14 years of successful experience in the financial sector of Azerbaijan Republic, continued its dynamic development and attained new achievements during year 2007, reported the press-centre of AMRAHBANK.

As of December 31, 2007 the indicators were as follows:
Bank’s assets increased by 67% amounting Azn49,9m,
Credit portfolio went up by 60% to Azn38,2m
Deposit portfolio increased by 73,1% exceeding Azn28m.

Total capital exceeded Azn12m which is 32% rise.

During year 2007 AMRAHBANK JSB retained its leading position in terms of ROA and ROE (profitability).

The range of services also increased:

In 2007 the Bank joined the Mortgage Fund and offered its customers long term mortgage loans. The Bank also became a member of the Deposits Insurance Fund.

In order to improve corporate management system AMRAHBANK JSB started cooperation with “Zygon Caspian Consulting Azerbaijan” LLC, organized trainings, personnel certifications and obtained ISO-9001:2000 certificate.

Further to the strategic plan of the Bank, in order to widen the branch network Ahmedli branch in Baku and 2 departments in Ganja and Shamkir were opened.

Since December 2007 Head-Office of the bank moved to new address
10, Y.Safarov street, Baku.

At present 23 offices of AMRAHBANK JSB operate all over the Republic.