Bank Of Baku

Demirbank borrows loan from abroad

Demirbank borrows loan from abroad
# 01 November 2010 11:50 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Demirbank signed $ 1.8 mln loan contract with Germany’s Connective Capital.

Bank says the contract was signed for 2 years and with the support of FinAcc Fund S.V.A. financial fund. The contract intends to gie small credits to the different spheres of business.

Note that, $ 136 mln was allocated by the international financial organizations to Demirbank so far.

Demirbank has been in existence since 1989. The bank operates 29 branches, 44 ATMs and 256 POS-terminals across the country.
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