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Azer-Turk Bank signs a loan agreement with Black Sea Trade and Development Bank

Azer-Turk Bank signs a loan agreement with Black Sea Trade and Development Bank

21 October 2009 16:33 (UTC +04:00)

Baku. Vahab Rzayev - APA-ECONOMICS. Azer-Turk Bank has signed an agreement to get a $4 million loan from the Black Sea Trade and Development Bank (BSTDB).

The agreement was signed by Azer-Turk Bank chairman Mehmet Acarozmen and BSTDB President Hayrettin Kaplan.

The loan will carry a maturity period of 5 years.

Mehmet Acarozmen said the loan is the first one from the BSTDB and the parties will expand cooperation in the future.

Hayrettin Kaplan said that the loan will further expand the financial resource base of Azer-Turk Bank and enhance its ability to lend to the business sector.

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