Number of appeals to Azerbaijani Central Credit Registry increases by 2.3 time

Business Materials 20 June 2011 16:12 (UTC +04:00)

Azerbaijan, Baku, June 20 / Trend N.Ismayilova /

The Central Credit Registry under the Azerbaijani Central Bank received 45,156 requests from banks operating in the country in April, the service said.

In April 2011, 109 people applied to the service to obtain their own credit reporting.
The total number of appeals to the registry has increased by 2.3 times compared to the similar period of 2010. Some 19,669 people applied to the registry to get own credit reports in April 2010.

As of late April 2011, the number of borrowers that are available in the registry is 1, 044,161. The total number of credit information is 1,064,521. The registry collected data on 491,341 sureties.
The Central Credit Registry Service (CCR) was established in March 2005.

The registry contains information about current credits given by the banks, irrespective of the sum. A query to the registry on an individual fee for a physical entity is 1.1 manat and for a legal entity -2 manat. The credit register is not pursuing commercial objectives and tariffs imposed to cover administrative costs.

The official exchange rate is 0.7875 manat to $1 on June 20.