Azerbaijan’s Non-Bank Organizations Renew Records on All Indices
OREANDA-NEWS. February 10, 2012. The sector of non-banking credit organizations (NBCOs) of Azerbaijan updated all its indicators up to new records for the past year.
The Central Bank of Azerbaijan reports that NBCOs’ total charter capital reached AZN 45.48 million in 2011 versus AZN 37.4 million in 2010 and assets – AZN 315.5 million against AZN 251.3 million in 2010. Even their branch network grew from 69 to 86 branches.
Credit unions increased their charter capital up to AZN 11.58 million and assets up to AZN 38.2 million. The NBCOs established by international humanitarian organizations obtained growth of charter capital up to AZN 15.36 million and assets up to AZN 251.4 million.