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Azerbaijan Industry Bank to service on Contact money transfer system

31 March 2010 10:22 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan Industry Bank has started to service on Contact money transfer system, Hasan Badalov, Deputy Chairman of Azerbaijan Industry Bank told to APA.

According to him, the customers may use from the services of this system only in the head office of the bank. Then, this system will operate in the branches too.

He also told that, the bank will join to Zolotoya Korona system.

The 221 banks of Russia are the participant of this system.

Completely, itâ€™s possible to implement money transfer to 80 countries on this system.

The seven bank corporate with Contact system in Azerbaijan. Azerbaijan Industry Bank is the member of Western Union, Migom and Caspian Money Transfer systems.

The bank has been in operation since 1996.