OREANDA-NEWS. August 26, 2009. One of the Azerbaijani key credit establishments AGBank OJSC has launched the process of expansion of microfinance practice.

Chairman of the AGBank Supervisory Board Chingiz Asadullayev said that the bank has started promoting the practice in all branches.

"Some of these days the bank’s branch will open in the renovated trade center Bina, which as we expect, will promote actively microfinance. The microfinance branch in Builders’ avenue in Baku is already in use for preparation of personnel on microfinance for the bank’s other structures,” C. Asadullayev said.

AGBank positions itself as a corporate bank.