Bank Of Baku

AtaBank to join MasterCard next year

AtaBank to join MasterCard next year
# 21 November 2008 09:02 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AtaBank plans to join MasterCard international system of payments.
Teymur Akhundov, plastic cards officer at the bank, said they have applied to MasterCard for membership but negotiations are delayed by the global financial crisis.
“We hope for revival in negotiations. I am confident that AtaBank will make available MasterCard services in 2009,” he added.
Joining Visa International in 2004, AtaBank has to date issued about 15 000 plastic cards.
As of October 1, AtaBank’s assets stood at AZN 134.586 million, loan portfolio at AZN 87.189 million, deposit portfolio at AZN 108.189 million, total capital at AZN 18.815 million and authorized capital at AZN 14.465 million.
AtaBank has been in operation since 1993. It operates 16 branches, 46 ATMs and 273 POS-terminals.
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