Bank Of Baku

Azerbaijan counts 96 non-bank lending institutions

Azerbaijan counts 96 non-bank lending institutions
# 21 August 2008 14:40 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. As at July 1, there are 96 non-bank lending institutions in Azerbaijan, up 2 units from a year earlier.
The National Bank of Azerbaijan said 77 of the institutions are credit unions.
Besides, there are 18 credit unions with 47 branches financed by international humanitarian organizations.
No credit unions were licensed since early this year.
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