OREANDA-NEWS. October 26, 2009. Azerbaijani banks are starting the process of increasing commission rates when serving customers.

Under XB Strategy Plan, in 2009 Bank’s commission rates are forecasted to be AZN 5.739 million.

At the same time already in 2010 they will rise up to AZN 9.27 million and in 2011 up to AZN 10.96 million.

Bank’s non-interest income is forecasted at the level of AZN 5.76 million in 2009, AZN 9.3 million in 2010 and AZN 11 million in 2011.

It ought to be noted that Russian banks are also introducing fresh commission rates.