Micro Finance Bank of Azerbaijan opens new branch

Baku, 28 March 2007. Micro Finance Bank of Azerbaijan has received the license to open its new Bul-Bul branch.. The new branch is situated in the centre of Baku, at 33 Bul-Bul street.
With the opening of the new branch, the number of MFBA branches in Baku has increased to eight: “Central Branch”, “20th January”, “Khalglar Dostlugu”, “Airport”, “Azadlig”, “Elmler Akademiyasi”, “Sabail” and “Bul-Bul”. MFBA also has five branches outside Baku, in Sumgait, Ganja, Sheki, Lenkoran and Khachmaz regions.
“The creation of an extensive branch network is a strategic goal of MFBA to provide the general population of Azerbaijan with access to financial services. With each new branch, MFBA is able to offer European standards of Banking services to an ever larger proportion of the Azeri population. The new branch is situated in the center of Baku and will operate as a retail branch, i.e. it will offer all a full range of retail financial services, including: fast international and domestic money transfers and opening of current accounts, VISA plastic cards and deposits. In addition, Sabail and Bul-Bul branches will also be open on Saturdays", said the General Manger of MFBA, Dr. Andrew Pospielovsky.”
MFBA is 100% foreign owned by the European Bank for Reconstruction and Development, the World Bank’s International Finance Corporation, the Black Sea Trade and Development Bank, by KfW and the German consulting company LFS Financial Systems GmbH. This gives our clients even more confidence in the reliability of our bank.