Azerbaijan, Baku, Nov. 8 / Trend N.Ismayilova /
The number of non-bank credit organizations (NBCOs) operating in Azerbaijan increased by 10 and amounted to 111 during three quarters of 2011, the Central Bank of Azerbaijan said on Monday.
The number of the credit unions is 89. The number increased by four since early 2011. 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, 73 branch offices of these organizations operate in the country.
According to the CBA, the authorized capital of NBCOs operating in the country amounted to 42.18 million manat, assets - 300.08 million manat, while the number of branches - 85 during three quarters.
The authorized capital of credit unions is 11.24 million manat and total assets - 37.71 million manat. The authorized capital of credit institutions funded by the international humanitarian organizations is 12.41 million manat and assets - 236.18 million manat.
The official exchange rate is 0.7968 manat to $1.