Number of outstanding active cards of Azerbaijani banks increased in August 2012 by 34 thousand units, reaching 4,842 thousand units. Annual growth of 8.9%.
In January-August cardholders carried 36,590 thousand operations for a total of 5602 million manat. With the growth of the total number of payments by 9.5% and their volume by 20.8% compared to the same period in 2011, the number of credit card transactions increased by 42.2% to 2.507 million, while their turnover - 36.7% to 667 million manat.
The main part of card transactions in the period of the year still fell on ATMs - 31,492 thousand transactions in the amount of 4,874 mln manats. Of these, 98.6% for operations connected with the withdrawal of cash.
Service cards are produced through 2,214 ATMs and 36,514 POS-terminals. For the first half of the year, the number increased 8.6% and for the second - 3.1 times.
As of September 1, 2012 in Baku were established 1,239 and 33,340 ATMs and POS-terminals. In objects service operate 34,972 POS-terminals, including in Baku - 32,455 POS-terminals. - 15B -
Economics
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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