Baku. Elnur Huseynguluyev - APA-ECONOMICS. The Central Bank of Azerbaijan plans allowing non-banking lending institutions access to the central credit register this year.
This will help to expand the registry and reflect more extensive data, including information about the user requesting information about the borrower, etc.
Note that the centralized credit registry was established in 2005. The main purpose of the registry is to ensure that banks have more reliable information on current and potential borrowers to manage the credit risk and to encourage borrowers’ market, etc..
Non-bank lending institutions to join central credit register in Azerbaijan
20 January 2010 16:04 (UTC +04:00)
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