Education System Moves from IBA to Capital Bank

All the bodies subordinated to the Ministry of Education since the beginning of 2017 will be transferred from the customer base of the International Bank of Azerbaijan to Capital Bank.

Confirming this information for Turan, the Advisor to the Rector of Baku State University on Financial Matters Mazahir Sultanov noted that the process began in January.

“This process is not only for BSU, but also for all educational institutions subordinate to the Ministry of Education,” he said.

According to him, many bank accounts have been transferred to Capital Bank.

Note that all teachers and other staff of universities were paid through IBA.    ----71D

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