Credit agency to be established in Azerbaijan with support of EBRD

The Central Bank of Azerbaijan (CBA) together with the European Bank for Reconstruction and Development (EBRD) is working on the creation of a credit agency.

 

This is reported by “Baku Stock Exchange”.

 

The report says that a meeting was held at the exchange with the participation of representatives of the CBA and the EBRD. The meeting discussed the work done due to the creation of a local credit agency, as well as the assessment of financial risks of small and medium-sized businesses, their active participation in the capital market, prospects for primary and secondary markets and upcoming work in this area

 

Source: Turan News Agency