The establishment of the process of providing in the credit bureau of data by objects engaged in the sale of goods on credit in Azerbaijan will allow you to expand the database in the future. This is stated in the message of the Central Bank of Azerbaijan.
It is noted that in accordance with the civil legislation of Azerbaijan, “selling goods on credit” is understood as the sale of goods in installments.
“Non -inclusion in the database of the credit bureau of Azerbaijan, information on installment debts may complicate the correct assessment of the solvency of potential borrowers and ultimately negatively affect the quality of the loan portfolio of banks.
After the discussions held, agreements were signed between the credit bureau and a number of organizations engaged in lending, ”the TsBA said.
Note that in recent years, retail facilities have been actively selling their goods on credit. But the debts of the borrower to commercial objects are not reflected in any database (including in the Baset Bureau database), so by contacting the bank borrowers can receive the amount of money they need on credit. This can be subjected to banks or non -banking organizations in the future.