Accessbank receives first tranche of syndicated foreign loan

Accessbank receives first tranche of syndicated foreign loan
# 05 April 2011 12:07 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. By the participating of Austrian Development Bank, Accessbank has received $ 10 mln-first tranche of $ 20 mln – syndicated loan, to be given by Netherlands Development Finance Company

Bank says the loan was allocated for three years and will be directed to financing of project on micro and small business, in Azerbaijan.

Remind that, Accessbank has been in operation since 2002. The bank operates 26 branches across the country.
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THE OPERATION IS BEING PERFORMED