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Central Bank of Azerbaijan makes allocations to support credit register system

Finance Materials 11 May 2021 10:58 (UTC +04:00)
Central Bank of Azerbaijan makes allocations to support credit register system

BAKU, Azerbaijan, May 11

By Zeyni Jafarov - Trend:

The Central Bank of Azerbaijan (CBA) and GT SOLYUŞNZ LLC signed a contract worth 84,960 manat ($49,976), Trend reports with reference to the ‘Electronic Procurement’ portal.

According to the portal, the winner of the tender announced by the CBA to support the program platform of the centralized credit registry system operating in the bank has been determined.

"According to the decision of the tender commission, GT SOLYUŞNZ LLC became the winner of the tender," the portal said.

The main goal of the CBA's activities within the framework of the powers determined by the law ‘On the Central Bank’ is to ensure price stability in the country. In addition, the CBA organizes and maintains the activities of interbank centralized and other payment systems that do not require licensing, and also assists in the stability of the banking system.

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