Bank Of Baku

Demirbank signs loan contract with Dutch Triodos Custody Fund

Demirbank signs loan contract with Dutch Triodos Custody Fund
# 24 August 2011 14:52 (UTC +04:00)
Baku. Elnur Huseynfuluyev – APA-Economics. Azerbaijan-based DemirBank has signed a 2-year agreement for $2 million with Dutch Triodos Bank’s depository Custody B.V. Fund.
Under the agreement the allocated funds will be directed for micro-crediting of different entrepreneurship forms. This agreement is DemirBank’s first cooperation experience with Custody B.V. Fund. The Fund cooperates only with socially-oriented financial organizations. The Fund has highly estimated DemirBank’s achievements within socially-oriented activity.

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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THE OPERATION IS BEING PERFORMED