Bank Of Baku

Azerdemiryolbank attracts new foreign credits

Azerdemiryolbank attracts new foreign credits
# 08 July 2009 09:57 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. Azerbaijan’s Azerdemiryolbank Joint-Stock Commercial Bank signed a $2-million loan deal with ResponsAbility Social Investment Company to develop microfinance and small enterprises in Azerbaijan. The three-year deal will increase opportunities of the Azerbaijani bank to give credits to the owners.

Azerdemiryolbank told APA-Economics it received Microfinance Information Exchange international certificate for transparency, quality and trust.

The bank is working with the European Bank of Reconstruction and development, International Financial Corporation, Netherlands Development Finance Company (FMO), Black Sea Trade and Development Bank, German-Azerbaijani Fund, DEG Investment Company, OPEC Fund for International Development (OFID), Islamic Corporation, Rosemount Global Fund (USA), BANIF (Portugal), SIFEM AG Investment Fund (Switzerland), ING Bank (the Netherlands) within the different credit programs.
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