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International Bank of Azerbaijan introduces American Express Selects cards

12 December 2008 10:58 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. International bank of Azerbaijan (IBA) is introducing American Express Selects-branded cards which will provide new benefits to the cardholders.
The program allows the cardholders to get up to 20% off at trade and service outlets around the world (Ant Hill, Azza, Furla, Naf Naf, La CafÃ©, OCCO, Boutique and others in Azerbaijan).
IBA launched the issue of American Express Card and American Express Gold cards from May 1, 2008.
American Express Selects program offers special discounts and privileges in shops, hotels and restaurant in over 40 markets around the world. American Express Global Assist provides cardholders with remarkable local, national and global destination guides, medical, legal, financial or other emergency assistance, including medical and legal referrals, visa/passport help and more. Also, Gold Travel Service destination tips and travel advice, confirmation of airline tickets and travel package etc. Protection Plan protects that item for 90 days from the date of purchase if it is stolen or accidentally damaged.
As Azerbaijanâ€™s and the regionâ€™s largest bank, the International Bank of Azerbaijan with a governmentâ€™s 50.2% stake is owned by the bank staff (10%) and private shareholders (40%).
As of October 1, assets stood at AZN 4 208.654 million, loan portfolio at AZN 2 631.728 million, deposit portfolio at AZN 2 367.476 million, total capital at AZN 328.794 million and authorized capital at AZN 130.078 million.