The Central Bank of the Republic of Azerbaijan has approved new prudential regulation rules for non-bank credit organisations and revoked the licence of “Optimal Finance non-bank credit organisation” LLC for failing to meet the minimum capital requirement and for not complying with mandatory supervisory instructions. Under the “Prudential regulation rule for the activity of non-bank credit organisations”, existing and new non-bank credit organisations established as commercial legal entities must maintain minimum capital of AZN 1 million. Optimal Finance was issued binding instructions after not meeting the requirement, but the deficiency was not remedied; the central bank’s Board therefore revoked its BKT-37 licence dated 29 December 2020 by a 17 April 2026 decision under Article 25.1.4 of the Law on Non-bank Credit Organisations. Following entry into force of the revocation decision, the entity must cease operations and be liquidated in accordance with the Civil Code.
Central Bank of the Republic of Azerbaijan 2026-04-23
Central Bank of the Republic of Azerbaijan revokes Optimal Finance non-bank credit organisation licence after failure to meet AZN 1 million minimum capital requirement
The Central Bank of the Republic of Azerbaijan has approved new prudential rules requiring existing and new non-bank credit organisations established as commercial legal entities to maintain minimum capital of AZN 1 million. The central bank revoked the licence of “Optimal Finance non-bank credit organisation” LLC for failing to meet this requirement and to comply with mandatory supervisory instructions, and ordered its cessation of operations and liquidation in accordance with the Civil Code.