Bank Of Baku

Students will draw grants via plastic card in Azerbaijan

Students will draw grants via plastic card in Azerbaijan
# 15 November 2008 11:00 (UTC +04:00)
Baku. Elnur Huseynguliyev-APA-Economics. AccessBank has presented VISA cards to students of Azerbaijan Tourism Institute for withdrawing student grants from ATMs.
The bank said 143 students and 62 teachers have been provided with plastic cards.
Students will draw their grants by card for the first time in Azerbaijan.
As of October 1, AccessBank’s assets stood at AZN 187.532 million, loan portfolio at AZN 158.718 million, deposit portfolio at AZN 17.208 million, total capital at AZN 39.665 million and authorized capital at AZN 20 million.
Microfinance Bank of Azerbaijan changed its name to Access Bank after approval by the National Bank of Azerbaijan in September.
The new name derives from the name of one of the shareholders – Access Holding which owns a 16.53% stake. The bank has been in operation since 2002.
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