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Date of Presentation of Activity of Millikart LLC Known

Business Materials 15 January 2007 20:56 (UTC +04:00)

Millikart Limited Liability Company is expected to hold a presentation of its activity on January 19, 2007.

As Trend has been told in Millikart today, it will be timed for the other two events вЂ" Unibank's full migration to Milikart from processing centre, Azericard and AzerDemirYolBank's the pilot issuing a chip card of the international payment system - MasterCard.

The Centre expects taking more active actions in the issue of transition of the activity of the banks-shareholders in Milikart starting from the next year. At the same time, three banks are expected to be from the Azerbaijan's largest ones. Up to date, the full migration of card business has been held only by AzerDemirYolBank and UniBank. As a result of it, the number of cards being issued by the new processing centre has reached 30 .000 cards, with 15.000 ones out of those fall at UniBank, 0.000-11.000 cards issued by AzerDemirYolBank, and the rest 4.000-5.000 ones вЂ" issued by five local banks..

AzerDemirYolBank wil become the first bank among the other issuers in the country which will issue a chip card MasterCard, and due to this, preparatory works are still underway. The banks being serviced via Azericard will launch the certification in MasterCard in the beginning of 2007.

The National Bank of Azerbaijan has signed a constituent agreement on passing the centre to the management with 18 banks. Millikart was established on June 14, 2006. The founders of the centre are Atabank, AzerDamirYolBank, AzerTurkBank, Bank of Baku, CIBank DebutBank, AmrahBank, KhlgBank, KredoBank, Microfinance Bank of Azerbaijan, ParaBank, RabitaBank, RespublikaBank, Bank Standard, TekhnikaBank, TuranBank, UniBank and ZaminBank.

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