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Number of appeals to Azerbaijani credit register ups by 1.7 times

Business Materials 9 July 2012 14:59 (UTC +04:00)

Azerbaijan, Baku, July 9 / Trend A.Akhundov /

The centralised credit register service under the Central Bank of Azerbaijan (CBA) received 80,361 appeals in May, the CBA said on Monday.

Compared to the same period in 2011, when there were 46,598 such appeals, the number of appeals to the service has increased by 1.72 percent.

The register received 80,169 inquiries from the banks in May. About 192 customers applied to obtain their own credit reporting.

As of late May, there were 1,301,103 borrowers, having information in the credit registry. The total number of credit data is 3,324,372. The number of data on guarantors available in the registry is 469,206.

The centralised credit register service began operating since March 2005. The tariff for a single query on an individual is 1.1 manat, a legal entity - two manat. Credit registry does not pursue commercial objectives. Tariffs were imposed to cover administrative costs.

The official exchange rate is 0.7856 AZN to $1 on July 9.

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