DemirBank offers cardholders a service PIN-Change on the new and improved conditions. The service allows cardholders to replace the PIN-code cards to any other at will.
Replacing PIN-code can be through ATMs of DemirBank, by selecting the appropriate item from the menu of the ATM. It should be noted, DemirBank currently has a network of 60 ATMs throughout the country.
DemirBank offers a variety of campaigns and programs on the cards - "Only 5 manat", "free card", "Free cards for students abroad," etc. DemirBank offers the widest choice of exchange cards in Azerbaijan (AZN, USD, Euros, British Pounds, Turkish lira and UAE dirhams).
DemirBank provides cardholders a wide range of services - translations Card-to-Card, SMS banking, Internet banking, phone banking, online payment of utility bills, mobile and fixed telephony, Internet, cable TV on the page https://billpay.demirbank.az and other services.
DemirBank, which is the first commercial bank in the country, began operations in 1989. Among its shareholders are major international financial institutions such as the European Bank for Reconstruction and Development and the Netherlands Development Finance Company (FMO). DemirBank has ratings from Fitch Ratings and Planet Rating at 'B' with outlook "stable." These ratings are among the highest in the banking sector of Azerbaijan. - 15D -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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