Azerbaijan Credit Bureau LLC is being created in Baku, the Azerbaijan Banks Association said in a message on December 20.
According to the message, members of an initiative group on creation of a private credit bureau made a decision to establish the bureau during a meeting in Baku Dec. 20.
Chairman of the Board of the International Bank of Azerbaijan Khalid Ahadov was elected Chairman of the Supervisory Board of the Azerbaijan Credit Bureau.
The founders of the Azerbaijan Credit Bureau LLC are the International Bank of Azerbaijan, Bank Respublika, Xalq Bank, Kapital Bank, PASHA Bank, Rabitabank, Unibank and Ziraat Bank Azerbaijan.
The charter of the Azerbaijan Credit Bureau was approved at the meeting. The private credit bureau will contain more information than the Centralized Credit Registry and cover a bigger number of borrowers. The bureau will receive information not only from banks, but also from insurance and leasing companies, mobile communication operators, etc.
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