Number of credit organisations decreases in Azerbaijan
As of the end of 2023 there were 117 credit organisations in Azerbaijan. This is reported on the website of the Central Bank of Azerbaijan.
According to the data, this is down by 3 units, or 2.5% from the end of 2022.
Last year the number of banks in Azerbaijan decreased by 2 units - from 25 to 23 (licenses of "Günaybank" and "Muganbank" were cancelled); the number of non-bank credit institutions decreased by 1 unit - from 55 to 54 (licenses of "Union Kredit", "Gold Finance" and "Visa Kredit" were cancelled; licenses of "Nova Credit" and "Caspian Finance" were replaced), and the number of credit unions remained unchanged-40. -0-
Finance
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The Accounting Chamber has audited the use of public funds and property in the affairs department of Milli Majlis for compliance with legal acts in keeping with the work plan for 2024.
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The Central Bank of Azerbaijan (CBA) has warned of fraudsters who have recently been calling citizens and pretending to be employees of the organization.
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In the second quarter of 2024, the National Depository Center (NDC) made payments on securities in the amount of AZN 1,438,696,627 and $ 32,682,344. This is reported by the NDC.
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The Azerbaijan Deposit Insurance Fund (ADIF) has announced the public auction of real estate of the "Bank Standard", which is in the process of liquidation. This is reported on the ADIF's website.
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