NBCBank to issue VISA cards from January next year

NBCBank to issue VISA cards from January next year
# 02 December 2008 10:15 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s NBCBank has become an associative member of Visa International, said Yusif Abdullayev, deputy chairman of the bank.
He added that technical procedures and test of the system have been completed.
According to him, it is planned to issue 1 000 VISA cards, including 500 credit cards from January.
NBCBank has issued 1 500 cards since its membership to associative membership to MasterCard in December, 2006.
At present NBCBank operates 6 branches across the country.
As of October 1, the bank’s assets stood at AZN 37.414 million, loan portfolio at AZN 30.516 million, deposit portfolio at AZN 12.785 million, total capital at AZN 14.875 million and authorized capital at AZN 13.589 million.
Established in 1992, Ruzi Bank was renamed as NBCBank in 2002.
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