Micro Finance Bank of Azerbaijan opens new branch

The Micro Finance Bank of Azerbaijan has opened a new branch in the most western region of the country.

On the 19th of March, 2008 the Micro Finance Bank of Azerbaijan opened their new branch in the far Western city of Gazakh. The bank appointed Zaur Ahmadov, an experienced Azerbaijani specialist who has met National Bank of Azerbaijan standards, as the branch manager.
MFBA General Manager, Andrew Pospielovsky, said, "One of the primary goals of MFBA is to extend services throughout the regions of Azerbaijan. The addition of the Gazakh branch in a previously untapped market is another important step in this growth. The banking and employment opportunities created by this branch also represent another positive impact by MFBA on the economy of Azerbaijan."
The new branch will include a full range of micro credit and consumer banking products, including deposit accounts, plastic card services, as well as domestic and international money transfers through Western Union, CoinStar, Privat Money, Bystraya Pochta, Migom, and Moneygram.
The addition of the Gazakh branch brings the total number of MFBA locations to 15, including nine branches in Baku as well as the five previously working in the regions (Sumgayit, Gandja, Shaki, Lankaran and Khachmaz).