Baku, Azerbaijan, Aug.10
By Azad Hasanli - Trend:
The centralized credit register service under the Central Bank of Azerbaijan (CBA) received 241,685 appeals in June 2015, the CBA's report on the results of the first half year of 2015 said.
The number of appeals to the service decreased by 2.7 percent compared to May 2015, and decreased by 2.7 percent compared to June 2014 (248,428 appeals), the report said.
The register received 228,617 inquiries from the banks in June 2015 (a 6.4 percent decrease for a year, and a 2.2 percent decrease during the month). About 13,068 customers appealed to obtain their own credit reports (a 3.2 times increase for a year, a 10.2 percent decrease during the month).
As of late June 2015, there were 2,456,517 borrowers included in the credit registry.
The total number of credit data made up 10,024,423. Around 2,423,077 of the total number of borrowers accounted for physical entities, 22,391 - entrepreneurs and 11,049 - legal entities.
The highest increase - 24.22 percent growth is observed among the borrowers comprising of entrepreneurs. The data on physical entities increased by 14.8 percent, but by 5.3 percent regarding the legal entities.
The number of data on guarantors available in the registry was 1,141,528.
The centralized credit register service began operating in March 2005. At present, some 43 of 45 banks operating in the country, as well as 37 non-bank credit organizations are connected to the registry.
The tariff for a single query on a physical entity is 1.1 manats, a legal entity - 2 manats. The credit registry does not pursue commercial objectives. Tariffs were imposed to cover administrative costs.