National Bank of Azerbaijan posts 32% rise in official currency reserves

The central bank said there is an imminent need for the efficient management of the present currency reserves by a firm having an international institutional customer base.

The NBA has announced an open tender to procure a portfolio management system. The tender is open to financial technology companies that offer a functionally rich and high-performance portfolio management system. A company aspiring to bid should have five 5 years of experience in developing and distributing institutional portfolio management systems, an international institutional client base and annual revenue of at least USD 5 million directly related to the sale of the proposed portfolio management system.

The bidding deadline is October 2, 2008. Bids will be opened on October 3.

/APA/