New service from "Expressbank"
Clients of the "Expressbank" now "private office." The new service allows to pay loans, replenish the deposit and current account deposits into the bank card without leaving homes (offices.) To do this, you have to register on the corporate site of www.expressbank.az.
Operations may be conducted though bank card of any bank. In the case of bank card served by processing center "Millikart", Commission for the operation is not deducted, but from the cards from banks and other processing centers for each transaction will be deducted 1% commission.
With the "Personal Account" the bank customers will also be able to obtain information about the rooms of their contracts, types of products, the amounts in their accounts, the amounts outstanding under the loan and accrued interest on deposits, as well as other useful information.
This bank is considered to be a monopolist of consumer and other loans issued by the energy sector. Workers and auxiliary power units have been warned of impossibility of getting credits in other structures.
Expressbank was established in 1989. Its main shareholders are the capital LLC «ADOR» (42%) and «Interenerji» (40%), registered at the address where have been registered members of the family of the head of state. In addition, the share of 17.4% owned entity "Power", registered in the village Gyryly in Agstafa. - 17D-
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- Politics
- 24 July 2014 15:17
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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