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Azerbaijani Azfinansbank to introduce Internet banking service till end of year

Business Materials 12 June 2009 14:33 (UTC +04:00)

Azerbaijan, Baku, June 12 / Trend , N.Ismayilova/

The Azerbaijani Azfinansbank will introduce Internet banking services before the end of the year, chairman of the bank's Supervision Board Khayal Mammadkhanli said.

"The system has been introducing, and admittedly the system will be introduced before the end of the year," Mammadkhanli said.

The Internet banking will cover the whole spectrum of banking services.

In November 2008, the Central Bank of Azerbaijan (CBA) licensed Azfinansbank. Azfinansbank is the second commercial bank that was licensed in Azerbaijan in 2008. Bank's authorized capital was 10 million manat and was founded by two individuals and juridical entity.

On June 12, the official exchange rate is 0.8038 manat to $1. 

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