NBCO Fintrend leaves Azerbaijani insurance market

Finance
  • 16 May, 2023
  • 14:36
NBCO Fintrend leaves Azerbaijani insurance market

The Central Bank of Azerbaijan has annulled the licenses for the activities of an insurance agent of two individuals, as well as the non-bank credit organization Fintrend LLC, Report informs, citing the bank.

According to the bank, the decision on this was made on May 10 under the law “On Insurance Activities”.

The licenses were canceled on the basis of voluntary applications.

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