Finance

Home page

Finance

Azerdemiryolbank achieves a 42% increase in international payment cards

26 February 2009 15:39 (UTC +04:00)

Baku. Elnur Huseynguluev - APA-Economics. As of January 1, the number of active plastic cards issued by Azerbaijan-based Azerdemiryolbank increased by 68% to 47 760.
The Bank said it to date issued 28 430 international payment cards.
As of 1 January, the number of international payment cards in active circulation reached 25 420, a 42% increase on a year ago.
The bank is a principal member of VISA International and MasterCard.
As of January 1, Azerdemiryolbankâ€™s assets stood at AZN 224.698 million, loan portfolio at AZN 168.592 million, deposit portfolio at AZN 49.497 million, total capital at AZN 37.398 million and authorized capital at AZN 13.4 million.
Azerdemiryolbank has been in operation since 1989. The European Bank for Reconstruction and Development (EBRD) holds a 25%+1 stake in the bank, leaving 10% to the Netherlands Development Finance Company (FMO), 10% to legal entities and the rest to about 850 individuals.