Bank Of Baku

Requisitions for authorized capitals of Azerbaijan-based non-banking organizations determined

Requisitions for authorized capitals of Azerbaijan-based non-banking organizations determined
# 05 October 2010 11:09 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Central Bank of Azerbaijan applied new requisitions for authorized capitals of Azerbaijan-based non-bankong organizations, Rashad Orujov, the Director of Banking Supervision Department of CBA told APA.

According to him minimum authorized capital for humanitarian organizations is AZN 30 000, for commercial organization is AZN 300 000.

Note that as of July 1, 2010, Azerbaijan had 100 non-banking organizations.
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