Bank Of Baku

IFC allowances $10 mln for DemirBank

IFC allowances $10 mln for DemirBank
# 01 April 2010 08:41 (UTC +04:00)
Baku. Elnur Huseyguluyev – APA-Economics. The International Finance Corporation
(IFC) has increased the credit from $5 mln to $10 mln for DemirBank on the Global Trade Finance Program, head office of bank told to APA.

The aim of this contract is the financing of global trade. The contract is unlimited.

DemirBank has been in operation since 1989. The shareholders of bank are EBRD and Netherlands Development Finance Company.
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