Bank Of Baku

New non-bank credit institutions established in Azerbaijan

New non-bank credit institutions established in Azerbaijan
# 07 May 2011 08:45 (UTC +04:00)
Baku. Ali Ahmadov – APA-Economics. New non-bank credit institutions were established in Azerbaijan. IDK non-bank credit organization was officially registered in April, Ministry of Taxes told APA. The organization headquartered in Nasimi district of Baku was founded by an individual with AZN 300 000 of registered capital.

Last month two credit unions were registered by the tax organizations. Tovuz-based credit union was registered by 13 individual, who are relatives. The registered capital of this non-bank organization is AZN 4 000.

Refinance credit union was founded in Yasamal district of Baku by 11 individuals with AZN 4 000 of registered capital.
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