Department of "Olympus" "Caucasian Development Bank" became a subsidiary

Started work on the basis of resolution of the CBA under the number 242/4 branch number 1 of "Transcaucasus Development Bank" at St., Baku. A. Guliyev 98.

According to the Bank (http://www.cdb.az/index.php?cat=dynamic&form=91&article=12), this was due to the expansion plans of the capital's branch network and in connection with the liquidation of the branch number 1 "Olympus".

This is the fourth branch of the bank in the country and the second - in Baku. It will provide customers a full range of banking products and services (account opening, deposit, issuance of consumer, financial and business loans, utilities, mobile money transfers, booking and issuing plastic cards, currency exchange, etc.).

The Bank operates under license number 242 of April 7, 1997, issued by the CBA.

Of "Transcaucasus Development Bank" was founded in April 1996 in order to accelerate economic and social development of the countries of the Caucasus, with the assistance of enterprises, banks, organizations and citizens of Azerbaijan, the U.S., Germany, Georgia and Russia.

The authorized capital - 30.2 million manat to 1 January 2013 - split between physical (99.72%) and legal entities. - 17D-