Bank Of Baku

Member of credit union makes 1 in each 6 persons

Member of credit union makes 1 in each 6 persons
# 21 October 2010 13:34 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. Today is celebrated as a day of International Credit Unions. ACUA’s congratulation letter informs that though the financial crisis had a negative impact on the financial institutions this problem did not have a impact on credit unions. According to results of last year the activity of credit union is sufficiently.

Chairman of ACUA Elchin Bagirov says that 66 credit unions and 1 bank are members of ACUA. Totally, members of ACUA are 16 812 persons.

Azerbaijani Credit Unions allocated AZN 79.624 mln credit to the population. Current loan portfolio of ACUA member-organizations makes AZN 22.242 mln.
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