Two nonbanking credit organizations licensed in Azerbaijan

The Financial Markets Supervisory Authority has issued licenses for the activity of two nonbanking credit organizations - MJ Finacial Services and Aset Financial Technologies LLC.

Report informs that the number of nonbanking credit organizations in Azerbaijan now reaches 45.

Notably, MJ Financial Services was established in Baku on April 15. Its founding capital is AZN 300,010 and its legal representative is Madad Nadir oghlu Rustamov. Aset Financial Technologies was established on January 10, 2017, in Baku. Its founding capital is AZN 300,000 and its legal representative is Khosrov Fikrat oglu Akhundov.