OREANDA-NEWS. August 27, 2009. An expert group on payment systems & card circulation continues its activity.

For the time being, the group can not sum up offers of banks to improve card circulation in the country, Farkhad Aliyev, executive director of the Association of Banks of Azerbaijan (ABA) informed.

"It is connected with reception of additional offers from the banks, which should be considered as well,” F.Aliyev said.

The workgroup, created by decision of the ABA presidium under the expert group to prepare a project of measures aimed at promoting use of cards by the population, prepares offers to stimulate more active use of payment cards by individuals.

The group composes representatives of the banks which are active at the cards market – International Bank of Azerbaijan, Kapital Bank, Bank of Baku and others.

Earlier, the expert group prepared systematized suggestions submitted by banks. Banks showed substantial interest and submitted a great deal of proposals. Creation of the group is linked with an interest displayed to this direction by banks and governmental agencies.

In 2008, the ABA group on legal affairs put a start to system of Association’s expert groups. Following its activity the ABA Presidium approved the draft amendments to the Law on Housing Mortgage. The amendment document was drafted with active participation of the International Bank of Azerbaijan, Texnikabank, Bank Respublika, Bank Standard and others.

In ABA plans are also creation of groups on marketing and PR. The matter of groups was covered clearly in the ABA Main Directions of Activities & Institutional Development 2007-11. The main directions also include ABA institutional strengthening and creation of a business school.