Azerbaijan more than 3 times increases requirements to NBCO authorised capital

The Board of the Central Bank of Azerbaijan has approved ‘Rules of prudential regulation of activity of non-bank credit organisations’. According to the new Resolution signed by CBA Chairman Taleh Kazimov, the requirements to the authorised capital of NBCOs have been raised by more than 3 times. Thus, the capital requirement was raised from AZN 300,000 to AZN 1 million for NBCOs established in the commercial form of a legal enti...

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