Azerbaijan, Baku, July 5 / Trend U.Ismayilova /
The Central Bank of Azerbaijan (CBA) issued a license to provide financial services to the Azerpoct national postal operator, the bank reported July 5.
Azerpoct's new charter was approved and new rules are being developed to issue the license.
The Azerpoct Baku Branch and several offices are also authorized to provide financial services. Meanwhile, phased licensing is underway for the company's other branches and divisions.
The company received the license under the state payment system development program, which began Oct. 14, 2005. The program created opportunities for providing large-scale banking and financial services at 1,200 post offices in the country.