Finance

Finance

NBCBank joins new money transfer system

07 April 2009 10:01 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijanâ€™s NBCBank has joined Xpress Money, an international money transfer system.
The bank said the new system allows the recipient to get the remitted money within 10 minutes irrespective of beneficiary country.
The bank offers money transfer services through 7 money transfer systems at present.
As one of the most popular instant money transfer services of the world, Xpress Money has more than 14 000 locations in 75 countries: USA, United Kingdom, Canada, Sweden, Australia, Spain, Italy, Egypt, UAE, Saudi Arabia, Bahrain, Jordan ,Kuwait, Oman, Singapore, Morocco, Kenya, Sri Lanka, Qatar, Philippines, Ethiopia, Hong Kong, Vietnam, Bulgaria, Romania, Russia, Ukraine, Georgia, Kazakhstan, Kyrgyzstan, Azerbaijan, etc.
The system Xpress Money guarantees certitude, quickness and convenience.
As of January 1, NBCBankâ€™s assets stood at AZN 39.832 million, loan portfolio at AZN 34.158 million, deposit portfolio at AZN 5.351 million, total capital at AZN 14.652 million and authorized capital at AZN 13.589 million.
Established in 1992, Ruzi Bank was renamed as NBCBank in 2002.