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Saturday, January 20, 2018

IBA: 45,000 Azerbaijan retirees in 'Pension +' plan

The International Bank of Azerbaijan announced recently that 45,000 pensioners across the country are participating in its "Pension +" program.

Interest-free loans totaling a little over $6 million were given to pensioners from many businesses, including those within 165 shopping centers that encompass multiple markets. Large regions and cities are joining this program. It automatically renews membership cards, and cardholders can get interest-free credit lines with a limit, which can be adjusted at the request of the pensioner.

The service is free of charge, and there is no additional fee or interest  to be paid. There are limitations as to which merchants and companies can accept the funds; as such, the cards can be used to pay utilities.

The International Bank of Azerbaijan is one of the leading banks in the country, handling most of Azerbaijan's foreign currency exchange, and has been rated among the top banks in Azerbaijan multiple times.

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International Bank of Azerbaijan

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