Yapı Kredi Bank of Azerbaijan to introduce Internet banking service by late 2013
Azerbaijan, Baku, April 29 / Trend, A. Akhundov /
Yapı Kredi Bank of Azerbaijan plans to fully introduce Internet banking during this year, chairman of the bank Altan Senturk told Trend today.
"We plan to fully introduce Internet banking by late January 2014, this will allow for the rendering of all services online," he said. "Therefore, we will become the first bank to fully introduce Internet banking. This project also includes the development of mobile banking."
He said that the bank plans to increase its assets (amounting $332 million now) up to $400 million by the end of 2013.
"The loan portfolio is $ 200 million now," he said. "We plan to increase it to $ 330 million by late 2013. We are focused on lending to the corporate sector and consumer loans, particularly automotive lending."
He stressed that Yapı Kredi Bank Azerbaijan is one of nine banks with a total capital meeting the Central Bank's new requirements to the amount of 50 million manat ($63.7 million).
"Today, the total capital of the bank hit $78 million," he said. "Now we are focused on our own growth. Last year we had 12 branches. This year we have 14 and we plan to increase this number to 17 by late 2013."
Yapı Kredi Bank Azerbaijan is a subsidiary of the Turkish Yapi Kredi Bankasi. The shares of Turkish Yapi Kredi Bankasi were transferred with the Koc Group (Turkey) and UniCredit Group (a current beneficiary of the International Moscow Bank; the leader among international banking groups in the markets of Central and Eastern Europe).