banking sector

Instant payment system to be launched in Azerbaijan

The Central Bank of Azerbaijan (CBA) will launch a non-stop instant payment system for legal entities and individuals, the CBA Chairman Elman Rustamov said at a meeting between representatives of the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan and bank managers, Trend reports.
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Expert says NBCOs seek to attract foreign loan

Recent developments in the banking sector of Azerbaijan, as well as other unfavorable processes have affected the situation in the market of non-banking credit organizations, financial institutions that provide certain types of banking services, but do not hold a banking license and are not eligible to accept deposits from the public.
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