BAKU, Azerbaijan, April 30. The Central Bank of
Azerbaijan (CBA) has held an official of the KredAqro LLC non-bank
credit organization (NBCO) administratively responsible, Trend reports via the
CBA.
"Within the framework of ongoing supervisory processes conducted
by the CBA, due to violations of Article 22.1 of the law on
'Non-bank credit organizations' and Clause 3.3 of the 'Procedure
for providing borrower information to the centralized credit
register,' an official of KredAqro NBCO LLC was fined 10,000 manat
($5,800) in accordance with Article 440.1 of the Code of
Administrative Offenses," the bank's statement noted.
KredAqro was founded in 2000. Its authorized capital is 452,000
manat ($265,880).
