OREANDA-NEWS. August 9, 2010. One of the dynamically developing banks in Azerbaijan begins the process of drastic upgrade of operating software.

Expressbank’s chairman of board Emin Mammadov has claimed that originally they planned to upgrade Bank’s software in compliance with the new challenges, but that proved impossible.

"In this regard, we are beginning now the process of selection of suitable software with its installation in the operating system of the Bank. In view of large-scale volume of forthcoming works, we decided to suspend expansion of our branch network and realization of other plans for this period,” Mammadov said.

Currently, Expressbank is conducting active (by 5 million manats a month) process of recapitalization within the framework of its new development concept.