Bank Of Baku

ICD to allocate $30 mln to IBA

ICD to allocate $30 mln to IBA
# 21 June 2010 11:27 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Islamic Corporation for the Development of the Private Sector (ICD) will allocate $ 30 mln to International Bank of Azerbaijan, Jahangir Hajiyev, Chairman of the IBA Board told APA.

According to him, ICD will allocate $ 15 mln to finance small and medium business. This is 4th credit for us from IDB. We’ll sign contract about the IDB’s allocation more $30 mln for us to finance the trade on the framework of 35th annual meeting of IDB’s Board of Governors on June 24, in Baku, he said.
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