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New banks to be chosen for distribution of pensions in Azerbaijan

New banks to be chosen for distribution of pensions in Azerbaijan

30 December 2011 10:47 (UTC +04:00)

SSPF chairman Salim Muslumov noted that, the Fund intends to hold tender among the banks: â€œPreliminary terms of tender have already been prepared, Tender Commission was established and the tender will be held recentlyâ€.

According to him, tender will be held on 12 lots in relation to services to 1.2 bln pensioners. Banks will have to provide 1 ATM for each 1,100 pensioners. Besides, according to condition, plastic cards will be issued by banks.

During tender, the banks will be required to have interface among one another.

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