Central Bank revokes license of credit union Inci Kredo LLC

15:31 - 3.11.2025


November 3, Fineko/abc.az. By the decision of the Board of the Central Bank of Azerbaijan, the license of credit union Inci Kredo LLC has been cancelled.

ABC.AZ reports, citing the regulatory authority, that thus reduced the number of licensed credit unions in the country to 35.

Inci Kredo was established in 2011. Its authorized capital is 5,500 manats. The credit union operated in Baku.