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27.03.2008
Bank 'Finance and Credit' signed the protocol of intent with the largest Azerbaijan banks, such as Bank of Azerbaijan and ZAMINBANK on:
- precious metals, coins and bullions trading
- banknote operations, such as, foreign currency import and collection
- money transfer through AVERS system
- correspondent relations
ZAMINBANK made an official proposal for integration of AVERS and Caspian Money Transfer international systems.
Caspian Money Transfer was established for money transfers to Azerbaijan and abroad, and also among CIS and Baltic banks. The system was created on the basis of ZAMINBANK as first international Azerbaijan-based money transfer system. The money transfer system is characterized by quick service, minimal commission fees depending on the sum of transfer, wide territorial coverage and simple application (condition on which every bank effect payment or send money in accordance with the legislation of a particular country).