Bank Of Baku

EBRD to allocate $220 mln loans to Azerbaijani banks

EBRD to allocate $220 mln loans to Azerbaijani banks
# 08 July 2009 11:53 (UTC +04:00)
Baku. Elnur Huseynguliyev – APA-Economics. European Bank of Reconstruction and Development (EBRD) will sign $220 million credit deal with Azerbaijani banks in 2009, said EBRD representative in Baku Francis Deleay, APA-Economics reports.

Deleay said the resources would be spent to the funding of financial and private sectors of Azerbaijan.

EBRD has close cooperation with the number of commercial banks of Azerbaijan and has shares of some banks. Recently EBRD signed $30 million credit deal with Azerdemiryolbank of Azerbaijan.
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