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Iran’s Melli Bank to boost its activity in Azerbaijan

Business Materials 13 February 2016 17:43 (UTC +04:00)

Baku, Azerbaijan, Feb. 13

By Fatih Karimov- Trend:

Iran's Melli Bank (the National Bank) will increase its activity in Azerbaijan, Abdolnaser Hemmati, the CEO of the bank, said.

He made the remarks during a meting with Elman Rustamov, the chairman of the Central Bank of Azerbaijan in Baku, the Iranian embassy to Baku said Feb. 13.

"The Melli bank is interested in upgrading the structure of its branch in Baku and issuing bank cards to strengthen its position in Azerbaijan," Hemmati said.

He added that the Melli bank has been owrking in Azerbaijan for a long time and its Baku branch serves the goal of boosting mutual economic ties.

In his turn, Rustamov welcomed boosting of mutual banking relations between Iran and Azerbaijan, expressing support for activity of Melli Bank's branch in Baku.

He further expressed gratification with the removal of banking sanctions against Iran.

Rustamov also welcomed the plan of the Melli bank's Baku branch for issuing bank cards and connecting to the clearing system.

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