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IDB Allocated Over $250,000 for Deposit Services Development in Azerbaijani Regions

Business Materials 8 April 2008 19:03 (UTC +04:00)

Azerbaijan, Baku, 8 April / Trend / Islamic Development Bank has allocated $259,700 to the State-owned Committee on Securities, at the Azerbaijani President Office, to expand its branches of National Deposit Centre.

The key goal of the funds is to develop securities in the market of Azerbaijan and upgrade the quality of services rendered by the investors and other participants of the market.

Under the program on expansion of the branches of National Deposit Centre, it is expected that the branches will be opened in Ganja and Lankaran regions. The first branch was opened in Nakhchivan.

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