Bank Of Baku

Posts to receive deposits in Azerbaijan

Posts to receive deposits in Azerbaijan
# 29 June 2011 10:56 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. The mechanism of mortgage lending will be changed in Azerbaijan, it was considered in the Actions Plan for 2011-2015 on implementation of “State Program on poverty reduction and sustainable development in Azerbaijan during 2008-2015” affirmed by President Ilham Aliyev.

According to Plan, it’s planned to support the establishment of construction-deposit banks, improvement of mechanism of mortgage lending. Besides, Post deposit system, including e-payment system will be developed in Azerbaijan. Development of bank network on regions will be promoted, activity of non-banking organizations will be extended.
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THE OPERATION IS BEING PERFORMED