In August of this year to the Central Credit Register (STSKR - local abbr.) was 196,204 queries, which is 3.7 % less than the previous month. Of the total number of applications only 0.23 % was done by individuals, who in turn fell in the reporting month by 13.2 %.
According to the Central Bank, for eight months in 2013 STSKR was made 1,388,259 requests. In comparison with January-August 2012 the figure rose to 832,300 units or 2.5 times. During the same period, individuals have made ??3318 requests or 0.24 % of the total.
On 1 September 2013 the total number of borrowers reached 1.808 million persons, of whom 1.782 million were individuals.
At the balance sheet date was equal to the number of sureties 665 000 persons. The total number of credit data has exceeded 5.66 million
Service Central Credit Register was established in 2005 under the Central Bank of Azerbaijan. It collects data on all loans of natural and legal persons, regardless of their amount. The right to use the data belongs to banks and non-bank credit organizations (NBCO), as well as those to which the data are collected. Banks and NBCOs receive data in real time in electronic form, and the borrower within three days on the basis of free inquiry. In other cases, the fee for a single query is 1 manat . - 15B-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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