OREANDA-NEWS. August 23, 2010. DemirBank jointly with Azerbaijan Students’ Union started a new program considering the increasing demand for money transfers between Azerbaijan and China, reported the press-centre of DemirBank.

Within the program the citizens of Chinese Republic living in Azerbaijan will receive information on the advantages of money transfers between the countries via DemirBank.

As a result of cooperation between DemirBank, Azerbaijan Students’ Union and international organization IAESTE a student of International University of Sichuan will participate in 2 months student exchange program. Within the program the participants will learn about money transfers between China and Azerbaijan. Moreover the student will get familiar with the work of different departments and branches of the bank and obtain practical knowledge.

DemirBank realizes express money transfers with China through Zolotaya Korona and Western Union. Zolotaya Korona enables money transfers on favorable tariffs to more than 200 cities of China regardless of amount. Western Union with its broad geographic coverage helps to transfer money to even more Chinese cities.

“Currently there are a few thousand Chinese citizens living on the territory of our country who will be partially informed on money transfer services through DemirBank. The joint program of DemirBank with Azerbaijan Students’ Union and international organization IAESTE will facilitate the development of cooperation between two countries in social and cultural areas. DemirBank is the only organization in the country that works with Student Exchange Program. This program conforms with the social-oriented strategy of the Bank” – stated the Deputy Chairman of the Management Board of DemirBank Mr. Yusif Jabbarov.

The Student Exchange Program of Azerbaijan Students’ Union and international organization IAESTE also offers special social program. This program includes introducing Chinese student to Azerbaijan culture, history and also special courses of basics of Azerbaijani language. Besides acquaintance with Azerbaijan, it is also planned to have a day for Chinese culture.

DemirBank is cooperating with international money transfer systems such as Western Union, Bistraya Pochta, Coinstar and Zolotaya Korona that allows money transfers to and receipts from 200 countries. Through developed by DemirBank money transfer system “Shimshek” the population can transfer and receive money within Azerbaijan.