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Institutions providing microfinance in Azerbaijan include banks, non-bank credit institutions (NBCIs), and credit unions. The benefits to microfinance NBCIs of having “humanitarian status” were revoked in 2008. The Central Bank of the Republic of Azerbaijan regulates banks and NBCIs. A new Law on Non-Bank Credit Institutions was adopted in December 2009, and licensing rules and prudential requirements for NBCIs are currently being developed.



Microfinance & Banking