The agenda of the National Bank of Azerbaijan (NBA) includes placement of Millikart processing center, founded by NBA, at disposal of the local commercial banks, Alim Guliyev, the 1st deputy chairman of the Board of the bank, told Trend. According to Guliyev, around 20 banks expressed will to become the member of Millikart. All banks, working through the center, will be share holders of it at the same time. Guliyev supposes that Millikart will be managed by banks on the equal rights in order not to allow monopoly.
In accordance with the program on development of payment system, approved by the Azerbaijani President, the center is due to be handed over to banks after 3-year functioning. Nevertheless, interest in Millikart appeared in a year and NBA supports this initiative. Guliyev is sure that the issue will be solved in 2006.
The World Bank (WB) positively appreciated the project and initiative of the placement of the center at disposal of banks. It should be mentioned that the center was established at the expense of the funds, allocated by WB within the loan for technical assistance to the financial sector of the country. The WB mission, visited Azerbaijan recently, admitted that establishment of such center in Azerbaijan would exemplify implementation of similar projects in the world.
Azerdemiryolbank transmitted to service of Millikart. Besides, AFBank, Debutbank, Ganjabank and Azerturkbank joined the center.
