CBA: NBCO assets to exceed AZN 1 billion

Assets of non-bank credit organisations (NBCOs) in Azerbaijan are expected to exceed AZN 1 billion in the near future. Hayam Ismayilov, head of the Credit Organisations Supervision Department of the Central Bank of Azerbaijan, stated this at the Azerbaijan Microfinance Conference on ‘Innovative Solutions for Sustainable Microfinance’ in Baku. ‘We believe that by the end of the next year, the NBCO assets will grow 2-fold. I...

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