Azerbaijan's credit unions suffered losses of 0.25 million manats last year

The Central Bank of Azerbaijan has published a review of credit unions by the end of 2023. The document says that local credit unions suffered losses of 0.25 million manats last year, which is up by 12.5 times from a year earlier. In the reviewed period, credit unions earned 2 million manats of interest income, 0.3 million manats of non-interest income, incurred 0.1 million manats of interest expenses, 1.2 million manats of non-interest exp...

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