Bank Of Baku

Petkim increases lending rate

Petkim increases lending rate
# 04 September 2010 08:37 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Petkim Oil-chemistry Company’s lending rate rose from 7.71 to 8.19 last year, SOCAR told APA.

This rate shows “to secure accommodation to a considerable extent” and “elevation of quality of management operation” in accordance of corporative management principles.

Petkim’s general director Hayati Ozturk says that we have purpose to achieve this index. According to him 38.7% of shares is open for people’s society. Increasing of lending rate is one of our purposes.
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THE OPERATION IS BEING PERFORMED