(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. The
licenses of Gold Finance LLC and Viza Kredit LLC non-bank credit
organizations have been canceled by the decision of the Board of
the Central Bank of Azerbaijan (CBA), trend reports via the CBA.
The capital requirements of these organizations have
been violated, lending-related activities have not been carried out
by them over the past few years.
Although the CBA granted them a reprieve and
appropriate recommendations to restore capital and improve asset
quality, these organizations did not take the necessary
measures.
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