12:51 - 22.11.2023

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November 22, Fineko/abc.az. Another non-bank credit institution has been established in Azerbaijan.

ABC.AZ reports that NBCO Mojo Az was set up in Baku.

Mojo Asbank LLC is a company registered with authorized capital of 300,000 manats at 58, Sharifzade, Yasamal district, Baku city. Currently, the minimum authorized capital, required by the Central Bank for licensing NBCO activity is 300,000 manats.

The head of the NBCO is Ruslan Kocharli.

The NBCO was previously registered as MGN Capital.