Turanbank borrows new loan from abroad

Turanbank borrows new loan from abroad
# 18 April 2011 13:23 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Turanbank has signed a $ 1.5 mln-loan agreement with German Bank im Bistum Essen financial organization. Bank says the loan will be directed to development of micro-finance projects.

Turanbank has been in operation since 1992. The bank operates 11 branches across the country.
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