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Technikabank makes it to Western Union top team

09 February 2009 12:53 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Technikabank has been included in top ten of western Unionâ€™s Club 500 listing.
The bank said it ranked the 6th among the top agent locations chosen from Middle Asia and CIS area. The bankâ€™s transfers through Western Union made $34 million.
The Club 500 list is announced annually.

Technikabank has been in operation since 1993. As of January 1, its assets stood at AZN 450.10, loan portfolio at AZN 337.691 million, deposit portfolio at AZN 182.330 million, total capital at AZN 51.565 million and authorized capital at AZN 26.912 million.
He bank operates 35 branches, 2 service offices and 3 bureaus of exchange.

The Western Union Company (NYSE: WU) is a leading provider of global money transfer services. Together with its affiliates, Orlandi Valuta and Vigo, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. Western Union, Orlandi Valuta and Vigo operate through a network of more than 305,000 Agent locations in over 200 countries and territories. Famous for its pioneering telegraph services, the original Western Union dates back to 1851.