Azerbaijan, Baku, Aug. 24 / Trend N.Ismayilova /
The number of non-bank credit organizations (NBCOs) operating in Azerbaijan increased by 13 and amounted to 114 in the first half of 2010, the Central Bank of Azerbaijan reported.
Some 89 of them are the credit unions. Since early 2011, 7 credit unions have received relevant licenses to operate. The number of credit institutions funded by the international humanitarian organizations is 24. Since early 2011, 6 credit unions have received relevant licenses to operate. Today, 69 branch offices of these organizations operate in the country.
According to the CBA, the authorized capital of NBCOs operating in the country amounted to 41.19 million manat, assets -289.11 million manat, while the number of branches - 81in the first half of 2011 .
The authorized capital of credit unions is 10.8 million manat and total assets - 37.12 million manat. The authorized capital of credit institutions funded bythe international humanitarian organizations is 11.85 million and assets - 225.64 million manat.