Bank Of Baku

CBA deletes license of two more credit unions

CBA deletes license of two more credit unions
# 06 September 2012 07:34 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. The Central Bank of Azerbaijan has deleted licenses of two more credit unions – “Sahibkarlar” (Sabirabad) and “Astara” (Astara).

According to information, the reason of deletions of “Sahibkarlar” was related to falsification of reports presented by the union, as well as despite repeated warnings, the union had several times violated economic regulation normative.

The license of “Astara” was deleted because it did not pass through annual audit report.
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