At least 50,000 individual deposit accounts to open in Azerbaijan in next 3 years

16:47 - 19.02.2024

February 19, Fineko/ The National Depository Center (NDC) is planning to open at least 50,000 individual deposit accounts in the country by the end of 2026.

ABC.AZ reports that the figures are reflected in the development strategy of the institution for 2024-26.

In addition, according to the document, in the next 3 years it is planned to increase the number of main activities of the NDC to 12, open an account in the international depository of the Center, bring the level of digitization to at least 85%, the level of customer satisfaction to at least 80%, make the institution's services available throughout the country, comply with PFMI standards, reach 100% of unsuccessful cyber attacks.

Ultimately, the number of rights transfers for monthly transactions should be increased to 1,500 at the end of 2024, 5,000 at the end of 2025 and 25,000 at the end of 2026.

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