Bank Of Baku

Azerbaijan-based credit unions achieve 25% growth in assets

Azerbaijan-based credit unions achieve 25% growth in assets
# 29 August 2008 15:37 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. The total assets owned by Azeri credit unions reached AZN 13.62 million, up 24.5% on the same period last year.
The National Bank of Azerbaijan said their total share capital rose 10.9% to AZN 4.36 million.
There are 78 credit unions operating in the country.
35 of the credit unions have a strong focus on agricultural and rural lending.
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