Number of appeals to Azerbaijani credit register rises by over a third
Baku, Azerbaijan, Jan. 6
By Maksim Tsurkov - Trend:
The centralized credit register service under the Central Bank of Azerbaijan (CBA) received 296,756 appeals in November 2014, the CBA's report as of Jan.-Nov. 2014 says.
The number of appeals to the service increased by 30.5 percent compared to the same period in 2013 (227,329 appeals), the report says.
The register received 285,917 inquiries from the banks in November (a 26.06 percent increase for a year). About 10,839 customers appealed to obtain their own credit reports.
As of late November 2014, there were 2,289,861 borrowers included in the credit registry.
The total number of credit data made up 8,784,209. Around 2,259,061 of the total number of borrowers accounted for physical entities, 20,080 - entrepreneurs and 10,720 - legal entities.
The highest increase - 21.4 percent growth is observed among the borrowers comprising of entrepreneurs. The data on physical entities increased by 19.3 percent, but by 7.9 percent regarding the legal entities.
The number of data on guarantors available in the registry was 1,076,859.
The centralized credit register service began operating in March 2005. At present, some 43 of 44 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 AZN, a legal entity - 2 AZN. The credit registry does not pursue commercial objectives. Tariffs were imposed to cover administrative costs.
The official exchange rate is 0.7844 AZN/USD Jan. 6.