BAKU, Azerbaijan, May 14. The Central Bank of
Azerbaijan (CBA) has revoked the license of non-bank credit
organization “E-Kredit” LLC, Trend reports citing the CBA.


The regulator continues to take measures to oversee non-bank
credit organizations in line with existing legislation and the
goals outlined in the “Strategy for the Development of the
Financial Sector in 2024–2026.”


According to the CBA, the decision was made in accordance with
Article 25.1.1 of the Law of the Republic of Azerbaijan “On
Non-Bank Credit Organizations.”


The regulator said the license cancellation was based on a
voluntary application submitted by “E-Kredit” LLC NBCO and a
resolution adopted by the CBA Board of Directors on May 13,
2026.







As a result, license No. BKT-48, issued on July 24, 2024, to
“E-Kredit” LLC Non-Bank Credit Organization, was revoked.


The CBA emphasized that, under Article 25.4 of the law, a
non-bank credit organization ceases operations from the date the
license cancellation decision takes effect and is liquidated in
accordance with procedures established by Azerbaijan’s Civil
Code.