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Roman Amirjanov, Chairman of the Management Board of ...

First, I would like to say that Azerdemiryolbank, one of the oldest banks of Azerbaijan, was established in 1989 as Limited Liability Company and became Open Join Stock Company in 1992. The bank is owned by European Reconstruction and Development Bank (EBRD) (25%+1 stake) and about 850 individual and corporate bodies. The bank's uniqueness can be found in its product mix, as well as services to its customers. Our bank's profit was AZN 1.283 million for the first quarter, higher 2.9 times from the same period last year. The bank's revenues rose 75% to AZN 4.332 million and expenditures went up 38% to AZN 3.049 million. As of April 1, assets grew 8% to AZN 96.04 million, loan portfolio expanded 15% to AZN 68.8 million. The aggregate capital reached AZN 14.55 million. - What about plans to branch out to regions ad take part in mortgage lending program? - Azerdemiryolbank has 29 branches and offices, of which 16 are located in regions.