Azerbaijan's credit unions lose about AZN 1 million in quarter

The Central Bank of Azerbaijan has published a review of credit unions on the results of the first quarter of 2024. According to the document, local credit unions suffered losses of AZN 0.8 million in January-March. This is up by 60% from the same period of the last year. In the reviewed period, the credit unions earned AZN 0.5 million of interest income, AZN 0.2 million of non-interest income; incurred AZN 0.1 million of interest expenses,...

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