Azerbaijan-based 13 commercial banks refuse Zolotaya Korona

Azerbaijan-based 13 commercial banks refuse Zolotaya Korona
# 27 December 2013 09:15 (UTC +04:00)

APA-Economics reports quoting sources in banking circles that according to decision jointly taken by banks, the services on money transfer system will be stopped from January 15, 2014.

These banks are International Bank of Azerbaijan, Xalg Bank, Kapital Bank, Bank Standard, Bank Technique, Bank Respublika, Unibank, Demirbank, Mugan Bank, Bank of Baku, AtaBank, Accessbank and Bank of Azerbaijan.

This decision is related to low profitability and cooperation efficiency.

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THE OPERATION IS BEING PERFORMED