OREANDA-NEWS. December 23, 2009. A new branch of Amrahbank started functioning in Sumgait city.

The bank informed that the new branch operates at the address G. Aliyev avenue 11/38.

“Till the end of 2009,  Amrahbank plans to put in commission another 3 branches,  two of which (Bilasuvar and Barda) are regional,” it was informed.

Presently  the bank has 21 branches, out of them four  branches (Ganja, Tovuz, Masalli, Lankaran) are located in regions and one department.

At the branch opening ceremony Amrahbank CEO Emil Mammadov emphasized that opening of Sumgait branch inaugurates start of regional stage in expansion of branch network.

“The bank implements successfully several large-scale projects and active that is remarkable against the background of world financial crisis and some calm in the internal bank market,” E. Mammadov said.

Director of new branch in Sumgait Rafik Bayramov carried out small excursion in the branch. New point of sale of Amrahbank is universal as regards servicing both individuals, and legal entities.

Amrahbank is one of the most profitable banks of Azerbaijan (by 31st December 2008 it was in ranks of TOP 3 of domestic banks on return on equity) and has one of the largest branch networks (in Baku and Azerbaijani various regions) and  owned capital

Strategic partnership established after acquisition of 49% of Amrahbank’s shares by International Investment Bank of Bahrain plays an important role in positive changes in a whole range of areas of activities, including such fields as corporate governance, international cooperation, a range and quality of bank products and services.