Azerbaijani bank to introduce SAP solutions by late 2012

Business Materials 10 May 2011 18:11 (UTC +04:00)

Azerbaijan, Baku, May 10 / Trend N. Ismayilova /

The Azerbaijani DemirBank will complete introducing SAP solutions by late 2012, DemirBank Chaire man of tBoard Roman Amirjanov said.

"We plan to summarize this work," he said. "But a number of modules have been already launched partially or fully. This includes financial, fixed assets and HR modules."

He said core solutions will be put into operation by March 2012.

"It will automate and optimize a number of processes in the bank," he said.
DemirBank (former Azerdemiryolbank) started operating in 1989.

Large international financial institutions such as the European Bank for Reconstruction and Development and the Netherlands Development Finance Company are its shareholders.