Azerbaijan’s Pasha Bank may reduce rates for Internet Banking
Azerbaijan, Baku, July 4 / Trend /
In the foreseeable future, the tariffs applied by one of the largest banks in Azerbaijan - Pasha Bank within framework of Internet Banking, will be lower than those offered to them by traditional banking, the Director of Pasha Bank's Corporate and Commercial Banking Department Vugar Sadig said during the presentation of the new product, a statement of the bank released on Thursday reported.
"This product was developed to meet the needs and requirements of corporate businesses. This service encompasses many operations, including currency exchange, local and international cash transfer and payments in national and foreign currency. Our Internet Banking platform is easy for our customers to use, and is accessed via the Bank's website, so no special equipment or software is required," Sadig said.
According to him Pasha Bank's potential clients can sign-up to the free Internet Banking service at any time through the Bank's nearest Business-centre.
The security of the new service was a particular focus of the presentation.
According to Sadig, the product was developed in accordance with international standards and has several levels of security.
"As always, we protect the interests of our customers, and ensure that their data remains confidential. Transactions made via Internet Banking are at the same high level as more traditional methods. Moreover, in the near future, Internet Banking rates will be lower than the analogous rates of traditional banking," Sadig said.
Approximately 50 representatives of small and medium-sized enterprises, as well as the Bank's clients, attended the event.
Pasha Bank is a leading corporate bank in Azerbaijan. Established in 2007, it provides a range of corporate banking services including: loans, securities, asset management, and treasury services.
Pasha Bank employs approximately 207 people across its head office and four branches and was declared "The Best Investment Bank of Azerbaijan" by the Europe Banking Awards 2011 and 2012.
Pasha Bank is a part of Pasha Group, a major investment holding group in Azerbaijan, which also includes significant assets in insurance, property development, production of construction materials, tourism and other businesses. Kapital Bank, one of the largest retail banks in Azerbaijan, is also owned by Pasha Group.