Finca-Ali Bayramli branch started activity

As APA reports, the Company also has branches operating in Ganja, Sumgait, Ismailli, Imishli, Masalli, Aghstafa, Aghdash and Siazan. In general, Finca Azerbaijan's activity covers Absheron, Beilagan, Bilasuvar, Devechi, Geranboy, Goychay, Gazakh, Gadabey, Hajigabul, Jalilabad, Kurdemir, Lenkoran, Masalli, Saatli, Sabirabad, Samukh, Shamkir, Tovuz, Ujar, Khanlar, Khizi and Yevlakh regions.

Finca Azerbaijan was established in April of 1998 by the Finca International Company, in 1999 it was registered and in February, 2000 it obtained a license from the National Bank. The Company is funded by the USAID, BTC Co., Shahdeniz Ltd., GTZ and International Rescue Committee ($5 million 451.855 thousand). Oil credit, ResponsAbility, KFW and other organizations also provide financial aids ($5 million 651.234 thousand).

Volume of cumulative loan portfolio of Finca Azerbaijan totaled $28 million 281.538 thousand by January 1 of 2006, and it exceeds the same figure of the preceding year by 46%. The Company has 30.56 thousand clients.