The number of outstanding active cards of Azerbaijani banks increased in September 2012 by 78 thousand units, reaching 4.92 million units. Annual growth was 10.3%. Thus, for every 1,000 people (under age) in the country have an average of 820 active payment card.
In January-September, cardholders carried 41,051 thousand operations for a total of 6,321 million manat. With the growth of the total number of payments by 8.7% and their volume by 20.1% compared to the same period in 2011, the number of credit card transactions increased by 41.2% to 2.866 million, while their turnover - 35.3% to 766 million manat.
The main part of card transactions in the period of the year still fell on ATMs - 35,510 thousand transactions in the amount of 5,493 mln manats. Of these, 98.6% were operations connected with the withdrawal of cash.
Service cards are processed through 2,224 ATMs and 36,702 POS-terminals. For the first year, the number of ATMs increased by 8.2% and the number of POS terminals - by 3 times.
As of October 1, 2012 in Baku was established 1,224 ATMs and 33,549 POS-terminals. In objects of service operate 35,039 POS-terminals, including 32,453 POS-terminals in Baku. - 15B-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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