CBA cancels licence of "Naxçıvanbank" with issuing licence to its subsidiary bank

By the decision of the Board of the Central Bank of Azerbaijan (CBA) on the basis of "Naxçıvanbank"s application its licence was cancelled and the non-bank credit organization "E-Kredit", established on the basis of the bank, has been granted a licence. This is reported on the website of the regulatory body. The report says that by decision of the CBA all assets of "Naxçıvanbank" at the time of li...

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