Total assets of non-bank credit organizations (NBCO) by April 1 in Azerbaijan exceeded 551.16 million (+1.7% YTD).
According to the AR Central Bank quarterly, the total registered capital of these structures is 84.44 million ( 2 %) in the presence of 203 branches in the country ( 4.6 %).
Credit unions have assets of 55.1 million manat with a total registered capital of 22.25 million (3.3 %). Assets of credit institutions financed by international humanitarian agencies constitute 464.12 million manat and their total share capital is 43.48 million (2.2 %).
NBCO other assets in the first quarter amounted to 31.94 million manat, with the total share capital - 18.71 million manat with 12 branches.
According to the Central Bank of Azerbaijan, up to April 1, 2014 throughout the country, 154 NBCOs operated. Among them, there are 113 credit unions and 40 credit organizations financed by international humanitarian agencies plus the non-bank credit organization Agrarkredit. - 17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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