Azerbaijani NBCOs will be able to provide daily loans

The possibility to issue daily loans to Azerbaijan's non-bank credit organisations (‘NBCOs’) is now available. This is specified in the ‘Rules for Credit Risk Management of NBCOs’ approved by the Central Bank of Azerbaijan (‘CBA’). According to the Rules, daily loans may be issued only in manats. Their amount must be a maximum of AZN 500, daily interest rate - maximum 0.3%, repayment period - maximum 45...

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