OREANDA-NEWS. November 20, 2013. Azerbaijan International Bank has opened an interest-free credit limit in the amount of 100 (one hundred) manats for all pension cards served at the Bank.

No additional commission fee is charged for this. Retirees may not cash this amount at the ATM, they may spend this money only at the trading entities which have signed a contract with AIB (supermartkets, drug stores). Any debt amount generated is paid from pension amount which is entered to the pension card in the next month.

Only after that credit limit is automatically activated. All pension cards served at Azerbaijan International Bank (except the cards belonging to SSPF and MLSSP) are automatically joined to the project.

The following trading entities have joined the project: network of ARAZ supermarkets, network of Macro Market supermarkets, network of Riyadpharm drug stores (number of these entities will continuously grow).