OREANDA-NEWS. February 24, 2010. The Bank of Azerbaijan (BA) informed that it carries out reforms in all spheres of its activity.

The bank informed that the branches’ network of the Bank is being optimized while work is in progress to improve the quality of service and new products are offered to the market. Being as an integral part of these changes, recently, loan percents and accordingly, interest rates on deposits were decreased at the Bank.

At the same time, the Bank informed that all given loans and deposits, accepted from the population in head office of BA, as well as in 13 branch offices located in capital and regions of our country are being registered duly, and the Central Bank of Azerbaijan (CBA) is informed about this process.

Summarizing the results of 2009, total volume of the Bank’s assets has increased by 34% and amounted to AZN 146 million.