23 April 2026, Baku: In accordance with the amendments made to the Law of the Republic of Azerbaijan on Non-Bank Credit Organizations (the "Law"), and within the framework of the strategic goals set forth in the Financial Sector Development Strategy for 2024-2026, which was approved by the Central Bank, the Regulations for the Prudential Regulation of the Activities of Non-Bank Credit Organizations (the "Regulations") were approved by the relevant resolutions of the Management Board of the Central Bank of the Republic of Azerbaijan.

According to the Regulations, the minimum capital requirement for new and existing non-bank credit institutions that are commercial legal entities is 1 million manat.

The Central Bank has issued mandatory instructions to Optimal Finance Non-Bank Credit Institution Limited Liability Company due to non-compliance with the minimum capital requirement. However, despite the steps taken by the organization in question during the past period, compliance with the minimum capital requirement has not been ensured. Considering this, and in accordance with Article 25.1.4 of the Law on Non-Bank Credit Organizations, the license of Optimal Finance Non-Bank Credit Institution LLC No. BKT-37, dated December 29, 2020, was revoked by the Central Bank's Management Board Resolution dated April 17, 2026, due to non-compliance with the Central Bank's instructions for eliminating violations in its activities.

According to Article 25.4 of the Law on Non-Bank Credit Organizations, a non-bank credit organization ceases its activities from the date of entry into force of the decision on the revocation of its license and is liquidated in accordance with the procedure established by the Civil Code of the Republic of Azerbaijan.

The Central Bank will continue to take the necessary steps required by the legislation, constantly monitoring the activities of non-bank credit organizations based on regulatory requirements.

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