Bank Of Baku

Finance for Development non-banking organization to borrow new loan from next year

Finance for Development non-banking organization to borrow new loan from next year
# 29 October 2010 14:42 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Finance for Development non-banking organization will not borrow loan from abroad until mid-2011, in connection with excess liquidity in the country, chairman of organization Jalal Aliyev told APA.

According to him the current economic liquidity in the country is at the lower level than in before 3 years ago: “That’s why it’s difficult placement of borrowed means. We are conducting talks with several financial organizations and European Investment Funds. We’ll borrow loans from several foreign organizations.”
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