NBCO "Blue Finance" registered
Non-bank credit organisation "Blue Finance" has passed state registration in Azerbaijan, according to the state register of commercial organisations of the state tax service under the Ministry of Economy.
Note that the legal address of the new NBCO is 37 Khojaly Avenue, Khatai district, Baku city; the authorised capital meets the minimum requirement as set for NCOs - AZN 300,000, and its legal representative is Samir Ogtay oglu Alakbarov.
As a reminder, this is the first NBCO registered by the state in 2024. In 2023, 5 NBCOs were established in the country. The Central Bank of Azerbaijan issued a licence to one of them - "Nova Credit."
Finance
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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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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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