Bank Of Baku

Azerbaijan to make Credit Bureau independent

Azerbaijan to make Credit Bureau independent
# 12 September 2008 16:54 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. There is a project for the reform and expansion of the Credit Bureau, said Elman Rustamov, the Chariman of the NBA.
He added that the numbr of banks applying to the Bureau is increasing rapidly.
“The Bill on Credit registry is in the developmental stage. The bill will be discussed at the fall session of parliament. After the bill is passed, the Credit Bureau will be separated from the National bank and will be an independent financial institution,” he noted.
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THE OPERATION IS BEING PERFORMED