Bank Of Baku

USA’s WBC $5mln allowances to Rabitabank

USA’s WBC $5mln allowances to Rabitabank
# 01 April 2010 14:08 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. USA’s WorldBusiness Capital Inc (WBC) Investment Fund has allowanced $5mln to Azerbaijan based Rabitabank.

According to the head office of the bank, the contract has been affirmed by USA’s Oversees Private Investment Corporation (OPIC) for 10 years.

This is the 2nd loan agreement between Rabitabank and WBC and OPIC. The total loan will be $ 10 mln and will give an additional chance to consumers for financing of their business projects.

The bank has operated 21 branches since 1993.
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