The number of active payment cards of Capital Bank declined by almost 9 %
BAKU/22.10.13/TURAN : The total number of active cards of Capital Bank in the first nine months of this year decreased by 195 thousand units , or 8.7% to 2,049,387 units.
According to the Bank for the same period the total number of POS terminals decreased by 191 units, or 40 per cent to a 482-piece set. In January - September 2013, the bank has mounted an additional 21 ATMs, bringing the total number of the equipment up to 477 pieces.
Since 2001, the Bank is a full member of the international payment systems MasterCard International, and since 2003, and Visa International. Today the Bank has been issuing cards Visa Electron, Visa Classic, Visa Gold, Visa Affinity Gold, Visa Platinum, Visa Affinity Platinum, Visa Business, Visa Business Gold, Visa Infinite and Visa Virtual, and MasterCard Standard, MC Gold, MC Platinum, MC Maestro. - 15D -
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- 22 October 2013 17:56
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- 22 October 2013 18:40
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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