Mughan Bank starts to issue MasterCard cards

Mughan Bank starts to issue MasterCard cards
# 25 November 2008 07:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Mughan Bank has started to issue MasterCard cards, the bank’s audit officer Zaur Hajiyev said.
He said the bank will issue cards of MasterCard Standard, MasterCard Gold, MasterCard Platinum and MasterCard Business.
Mughan Bank is a member of Visa International too and issued 5 000 Visa cards.
The bank has to date issued about 11 000 plastic cards, 80% of which are credit cards. As of October 1, Mughan Bank’s assets stood at AZN 91.851 million, loan portfolio at AZN 67.294 million, deposit portfolio at AZN 34.434 million, total capital at AZN 14.981 million and authorized capital at AZN 12 million.
Owned by 4 individuals, Mughan Bank has been in operation since 1992. The bank operates 23 branches, 25 ATMs and 62 POS-terminals.
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THE OPERATION IS BEING PERFORMED