Most of the assets of NBCO accounts for foreign organizations

Total assets of non-bank credit organizations (NBCO) by July 1, were 579,310,000 AZN (+ 6.86% against the beginning of the year).

According to the Central Bank of the Republic of Azerbaijan with reference to NBCO, most of the accounts are on the assets of credit institutions, financed by international humanitarian organizations - 495 800 000 AZN (+ 8.4%), with a total authorized capital of 45,330,000 AZN (+ 6.6%).

Assets of credit unions are 56,180,000 AZN, the total share capital - 21,820,000 AZN. In the first half of 2014 the number of branches of such organizations increased to 194.

According to the Central Bank of the Republic of Azerbaijan, the total registered capital of micro-finance organizations to start the second quarter was at 79.68 million AZN (minus 3.7%), with 206 branches created (+ 6.2%). --17D-

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