Finance
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The Central Bank of Azerbaijan has issued an insurance agent's licence to ‘Turanbank’.This is reported on the CBA website.
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The Central Bank of Azerbaijan (CBA) has granted binding instructions to 'Azer-Türk Bank', credit unions 'Finans', 'Total Finans' and 'Stimul', as well as to 'Azerpocht' company, subordinated to the Ministry of Digital Development and Transport.This is reported on the CBA website.
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In spite of the fact that the Central Bank of Azerbaijan (CBA) has created an opportunity to issue daily loans to non-bank credit organisations ( NBCOs) in 2024, it is not interested in the rapid development of this type of lending.
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