Azerbaijan, Baku / Trend corr. I.Khalilova / The volume of cards issued by the processing Centre of Azericard, made up AZN 1bln within the first quarter of 2007. About 12mln operations with wage and pension cards have been held within this period. Some 950 of 1.9mln issued cards were allocated for pensions.
The volume of the card market will reach 2.5mln by the end of 2007. Most cards were issued by the International Bank of Azerbaijan and Capital Bank.
The International Bank of Azerbaijan takes the first place due to the number of issued cards and its volume of operations. The runners-up include the following: Texnikabank, Azerigazbank, Bank Standard, Bank Respublika, and Bank of Baku.
Texnikabank has been specializing in the card system since 2007 and card operations are being held through this Bank in the Sumgayit region of Azerbaijan. The Bank of Baku increased the volume of its card operations by introducing new quick crediting.
Twenty-eight banks issuing cards do so through Azericard.