NBCO Branch Network Expanded by 28% in H1, 2012
In January-June, the total number of non-bank credit organizations (NBCO) increased by 6 units to 131.
As reported by the Central Bank, during the period, the number of branches of these institutions increased by 24 or 28% to 110. Most of all branches (29) are located in the Aran economic region.
In the descending order of density of the branches, Aran is followed by the following regions: Absheron - 21 (three more branches to the beginning of the year), Ganja-Gazakh - 20 (+4), Lankaran - 10 (+3), Sheki-Zagatala - 10 (+4), Guba-Khachmaz - 8 (3), Nagorno-Shirvan - 5 (1), Upper Karabakh - 5 (2), and Nakhchivan - 2 (0). There are no units in the Kalbadzhar-Lachin economic region.
Compared with the beginning of the year, the number of NBCO funded by international humanitarian organizations remained at 27. They accounted for 84.5 percent of the available branches.
During the reported period, four new credit unions acquired licenses, and their number reached 103. - 15B -
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- Politics
- 23 August 2012 14:45
Economics
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