17:52 - 23.01.2025
January 23, Fineko/abc.az. The CBA sent binding instructions to credit unions FinansKredit, Total Finance and Stimul Kredit.
ABC.AZ informs, referring to the CBA, that these credit unions did not submit reports for Q4 of 2024, thereby violating the requirements of Paragraph 10.3 of the Rules of Prudential Regulation of Credit Unions.
The Central Bank, guided by the requirements of Article 4.4.4 of the Rules for Issuing Licenses to Credit Unions for Banking Operations, issued them mandatory instructions on the immediate provision of these reports and timely submission in subsequent periods.
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