Bank's Head Office told APA-Economics that the new branch is located in 20, Galaba Street, Guba.

Branch will provide all kinds of services as check-out, plastic cards and credit, as well as deposit and money transfers.

At present the bank has 16 branches including two newly opened branches in Ganja and Samukh.

MugamBank was established in 1992. As at January 1, its assets reached to AZN 39.831m, aggregate capital to AZN10.613m, authorized capital to AZN 7.8m.