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 revealed shortcomings in the Baku State University and the Azerbaijan State Academy of Physical Culture and Sport.
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In 2023, the salary costs of employees of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 9.8 million manats. This is stated in the financial statements of the Fund, which were audited at the end of the last year.
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Azerbaijan's justified state budget expenditures totalled AZN 4,948 million in the first half of 2024.
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As of the end of June 2024, credit unions in Azerbaijan had a balance sheet capital of AZN 9.1 million. This is stated in the credit union review published by the Central Bank of Azerbaijan.
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