Main Operational Objectives of Credit Institutions as Cooperatives
Pursuant to Article 73 of the 2010 Law on Credit Institutions, the regulation is as follows:
A credit institution that is a cooperative is a type of credit institution organized according to the cooperative model, operating in the banking sector with the main purpose of mutual assistance among members to effectively conduct production, business services, and improve living standards. Credit institutions that are cooperatives include cooperative banks and people's credit funds.
Thus, according to the above regulation, the main purpose of a cooperative credit institution is to provide mutual assistance among members to effectively conduct production, business services, and improve living standards.
Respectfully!
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