Total number of active cards issued by JSC "Pasha Bank" increased during the four months of this year to 982 units, or 17%, reaching 6,759 thousand units.
As reported in the bank, during the reporting period the bank mounted an additional one ATM, bringing the total number of the equipment up to 16 pieces.
Pasha Bank has the status of a principal member of international payment systems MasterCard and Visa International.
The bank is part of the Group's PASHA - a major investment holding company in Azerbaijan is also widely represented in sectors such as insurance, construction, construction materials, tourism and other areas of business. Kapital Bank, one of the largest banks in the retail market of Azerbaijan, also belongs to the group of companies PASHA. - 15B -
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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