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Saxo Bank expands customer base in Azerbaijan

Business Materials 5 June 2014 13:37 (UTC +04:00)
Danish "Saxo Bank" is currently studying the Azerbaijani market and plans to expand its client base in the country, the bank`s representative told Trend.

Baku, Azerbaijan, June 4
By Zulfiya Gurbanova -Trend:

Danish "Saxo Bank" is currently studying the Azerbaijani market and plans to expand its client base in the country, the bank`s representative told Trend.

"Azerbaijan is a quite new market for us. Saxo Bank representation in Cyprus serves the Central and Eastern European region, including Azerbaijan. We work with both private and corporate clients, banks and financial organizations of this country," he said.

The main partner of Saxo Bank in Azerbaijan is "Bank Standard", according to the bank representative.

"We cooperate with "Bank Standard" in the financial and investment sector. The Azerbaijani bank uses trading platform of Saxo Bank, presenting it to its customers," the source said.

Saxo Bank specializes in online investments in the international capital markets. The bank enables clients to trade currencies, shares, CFD contracts, futures, options and other derivatives as well as portfolio management via our online trading platform - SaxoTrader.

Saxo Bank is a Danish online investment bank and was founded in 1992 by two entrepreneurs from Denmark. Initially, the company was named Midas, and then was renamed to Saxo Bank. The change of name was due to the issuance of a European license for banking activities in 2001.

"Bank Standard" has been functioning since 1995 and is currently one of the leading banks of Azerbaijan, which is constantly improving the conditions of provision and the quality of their products and services. The main directions of "Bank Standard" are retail business , lending to small and medium-sized enterprises , cooperation with corporate clients and investors.

At present, the bank is actively modernizing its product line and improves manufacturability of business in order to create quality loan and deposit products, providing the most modern banking services to individuals and legal entities.

Edited by SI

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