Bank Of Baku

IBA to borrow new two syndicated credits

IBA to borrow new two syndicated credits
# 21 October 2010 14:11 (UTC +04:00)
Baku. Elur Huseynguluyev – APA-Economics. International Bank of Azerbaijan will borrow two syndicated credits - $ 130 mln and $260 mln, recently, IBA’s chairman Jahangir Hajiyev told APA.

The leading banks in the borrowing of credits are JP Morgan, Commerzbank, Citibank and other European banks.

The main purpose of credits is to restore the syndicated credits for IBA.

IBA has been in operation since 1992.
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THE OPERATION IS BEING PERFORMED