Azerbaijan, Baku, Aug.22 / Trend /
Deputy Chairman of Executive Board of OSJC "Azerbaijan Industry Bank", Jenk Bartin was appointed to the position of Chairman of the Board of Directors of "Milli Kart", the center said.
Regular General meeting of Shareholders of "MilliKart"LLC was held on Aug.12, 2011
The members of the Board of Directors were reelected, representatives of OJSC "Atabank", "European Bank for Reconstruction and Development", OJSC "Azerbaijan Industry Bank", OJSC "Bank of Baku", OJSC "Bank Respublika", OJSC "Demirbank" and OJSC "UnibankCB" became the new members of the Board of Directors.
Jalal Orujov was reelected as Executive Director of the Company during the meeting.
Chairman of the Board of Directors Jenk Bartin said MilliKart holds a strategically important position both in the field of payment cards and banking sector. In this regard, introduction of the innovative payment technologies in the payment card market will be accelerated in order to enhance the level of the services provided to banks, he added.
It is worth noting that currently 13 banks are served in "MilliKart" LLC. These banks have issued over 160,000 cards, also more than 300 ATMs and 2,000 POS-terminals have been installed by these banks.
Earlier chairman of the Board of Directors of Milli Kart was Unibank representative.
Milli Kart was established July 14, 2006 after 18 commercial banks redeemed a processing center of card payments from the Central Bank of Azerbaijan. At present, the minimum participation of banks in the capital center is one percent, and maximal - 10 percent.
The founders of the center are Atabank, Demirbank, AzerTurkbank, Bank of Baku, Azerbaijan Senayye Bankasi, Debutbank, Amrahbank, Xalq Bank, Credo Bank, Access Bank, ParaBank, RabitaBank, Bank Respublika, Bank Standard, Texnika Bank, Turan Bank, UniBank and Zamin Bank .