Bank Of Baku

DemirBank extends micro and small business lending

DemirBank extends micro and small business lending
# 28 February 2011 14:57 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based DemirBank offers the entrepreneurs credits in useful terms, extending the micro and small business lending.

Bank says it offers micro credits in amount of AZN 500-20 000, small business loan in amount of AZN 20-100 000. The credits are given by all branches of DemirBank and for three years.
Bank’s current loan portfolio on micro and small business credits makes AZN 25.3 mln, up 78% compared to a year ago.
Remind that, DemirBank has been in operation since 1989.
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