Azerpocht to start lending and receiving deposits soon

Azerpocht to start lending and receiving deposits soon
# 05 March 2013 10:49 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. Azerpocht LLC will start to provide banking services in the near future, said the head of postal communications department at the Azerbaijani Ministry of Communications and Information Technologies Novruz Mammadov.

According to him, at present, the post provides all banking services excluding lending and receiving deposits: “Our experience in bank sector is low and the staffs need training and therefore we do not want to hurry and be late”.

Mammadov added that the World Bank granted funds to Azerpocht and all employees will be trained (excluding postmen): “We hope relevant amendments will be made in legislation and in 2015 Azerpocht will be able to lend and receive deposits”.

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