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Azerbaijan Credit Unions Association drops 6 members

Azerbaijan Credit Unions Association drops 6 members

04 February 2009 14:44 (UTC +04:00)

Baku. Elnur Huseynguluev - APA-Economics. Azerbaijan Credit Unions Association has made a decision to drop 6 credit unions from membership, said Elchin Baghirov, Chairman of the Association.
According to him, the credit unions failed to pay membership dues, and fulfill their obligations under the loans. One of the credit unions quit but others were dropped, he added.
The Association joins 47 of 79 credit unions operating in Azerbaijan. The quarterly membership due is AZN 100.

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