Azerbaijan, Baku, Oct. 9 / Trend N. Ismayilova /
The Azerbaijani State Social Protection Fund will expand the number of authorized banks distributing pensions and social benefits by late 2011, head of the State Social Protection Fund Salim Muslimov told press on Friday. The results of the tender will be published by late 2011.
At present, the pensions and social benefits are distributed through two authorized banks - International Bank of Azerbaijan (IBA) and Kapital Bank.
"Once, only two banks were ready and met our requirements," he said. "But today more banks are ready for providing these services."