AFB Bank launches first AZN trading data through Reuters

April 22, 2010 - PRLog -- The move, a first for the AZN, will give financial institutions and other Reuters’ users accurate and up-to-the-minute data for the AZN against the major currencies and the opportunity to trade the AZN with AFB Bank against the Euro, US dollar, GB Pound, Ruble and Turkish Lira.

It will also show the EUR/USD quotation and the money market borrowing rates for AZN and USD for up to one year.

Emre Timurkan, CEO, AFB Bank, said:

“AFB Bank is the first Azerbaijani bank to launch this kind of service, and is the only bank in the country to quote on a live basis. The launch of this service is indicative of our international focus and customer-oriented business model.”  

Ends

For further information please contact:
Emma Murphy/Lizzie Hannaway, Broadgate Mainland
Tel: 020 7726 6111

Notes to editors

AFB Bank
AFB Bank is a new force in the Azerbaijan financial services industry. It has a customer-oriented organisation structure and a business model designed to international standards with a particular emphasis on strong corporate governance, transparency and risk management. The bank’s strategy is to build on its corporate and retail banking offering for clients which will include a full spectrum of competitive products and services. The bank is targeting selected corporates, retail and consumer segments through a growing branch network. The bank’s auditors are PriceWaterhouseCoopers.
For more information on our International Bank in a local setting visit our website www.afb.az or email us at fi@afb.az

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