Number of credit organisations decreased in Azerbaijan

As of the end of 2024, there were 115 credit organisations in Azerbaijan, including 22 banks, 57 non-bank credit organisations (NBCOs) and 36 credit unions. This is reported on the website of the Central Bank of Azerbaijan. According to the report, the number of credit organisations has decreased by 2 units as compared to the end of 2023. Last year, the regulator cancelled the licence of 'Naxçıvanbank', issued licences to ...

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