Bank Of Baku

Demirbank borrows new large loan from Europe

Demirbank borrows new large loan from Europe
# 29 March 2011 14:35 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. Azerbaijan-based Demirbank intends to borrow $ 25 mln subordinated loan from European financial institutions, Chairman of Board of Directors Roman Amirjanov told APA,.

According to him, the leading financial organization in this process is Netherlands Development Finance Company: “This sum is our minimum expectation. May be this sum will increase, because of number of financial organizations rises”.

Remind that, Demirbank has been in operation since 1989. The bank operates 30 branches, 50 ATMs and 245 POS-terminals across the country.
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