Bank Of Baku

DemirBank negotiates with creditors for early repayment of loans taken from abroad

DemirBank negotiates with creditors for early repayment of loans taken from abroad
# 10 October 2011 08:21 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. DemirBank negotiates with creditors for early repayment of loans taken from abroad in the financial crisis at a rate of 9-10% per annum, or lowering interest rates, board chairman Roman Emirjanov said.

To him, currently, currently rate on borrowed from overseas loans, including all expenses, determined at 7.8% per annum.

Emirjanov added that the share of loans taken from abroad in total liabilities exceeds 50%.

Remind that, DemirBank was established in 1989. Among its shareholders are financial institutions such as the European Bank for Reconstruction and Development, the Netherlands Development Finance Company (FMO), and legal and natural persons. The bank operates 31 branches and departments across the country.
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