Azerbaijan, Baku / Trend / As of 1 July, the Association of the Credit Unions of Azerbaijan brings together 54 credit unions. Over the period of activity, the credit unions have given 24463 credits in amount of AZN 26 630 024. The credit unions are attended by 9802 active members, with 9496 physical entities and 306 juridical entities.
Over the activity period, the credit unions attracted AZN 13 593 598 in line with World Bank's Agricultural Development and Credit Project, Social Fond for Development of IDP, National Fund for Entrepreneurship Development of the Ministry of Economic Development of Azerbaijan, non-banking organization Azerkredit.
As of 1 July, the gross authorized capital of the credit unions, member of Association, amounts to AZN 3 689 845,6.
The Association of the Credit Unions of Azerbaijan was established in 2003.