Creditinfo-Azerbaijan’s stock capital will be about AZN 5 mln

Baku. 26 April. REPORT.AZ/ Azerbaijan’s first credit bureau will operate as a limited liability company (Ltd).

Report was informed in International Financial Corporation (IFC).

According to information, Creditinfo-Azerbaijan’s authorized stock capital will be around AZN 4.6 mln (approximately EUR 2.5 mln).

51% or AZN 2.346 mln of this amount will be provided by Icelandic company Creditinfo, AZN 2.254 mln by 19 commercial banks, 1 - non-banking credit institution (TBC Credit Ltd) and 1 - insurance company (PASHA Insurance OJSC) of Azerbaijan. 

In other words, each of 21 founders of the credit bureau from Azerbaijani side will invest AZN 107 333 to stock capital.