Azerbaijan's NBCOs may carry out money transfers and currency exchange
The Central Bank of Azerbaijan (CBA) plans to amend the legislation on non-bank credit organisations (NBCOs).
This was stated by Hayam Ismailov, head of section of the Credit Organisations Supervision Department, at the Azerbaijan Microfinance Conference on ‘Innovative Solutions for Sustainable Microfinance’ in Baku.
“Opportunities of money transfers and currency exchange without opening an account in NBCOs are being considered,” he noted.
Finance
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The “Taxes” newspaper of the State Tax Service under the Ministry of Economy has published the names of newly registered commercial entities.
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Paşabank has repeatedly announced plans to open a branch in Shusha, but this promise has yet to be fulfilled.
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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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