JSC Bank of Azerbaijan for the convenience of customers and in the strategy plans before the end of this year to expand its branch network to 20 units.
As reported in the bank, in June and July, the bank is preparing to commission a branch in Lenkoran. Appeal to the Central Bank of Azerbaijan for a license for the operation of the new unit has already been done.
Lankaran branch will offer individuals and corporate bodies a full range of banking services, including cash and settlement operations, various consumer and business loans, deposits, plastic cards operations, payments for public utilities and mobile services, sending and receiving money transfers and etc.
The bank currently operates through the head office, 16 branches and three offices. -15D -
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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