Bank Of Baku

DemirBank attracts new credit from abroad

DemirBank attracts new credit from abroad
# 22 December 2011 08:17 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. By the organization of Incofin Investment Fund, Azerbaijan’s DemirBank and Belgian VDK Spaarbank N.V. signed credit agreement on attraction of loan at amount of $2 mln.

So, the term of the agreement, which signed in 2009, has been extended for the next 2 years. The attracted funds will be spent to allocation of micro credits. Note that, this is already the 3rd agreement signed by the organization of Incofin Investment Fund.

Deputy board chairman of the bank Yusif Jabbarov, DemirBank has started to cooperate with VDK Spaarbank in 2007.

Remind that, DemirBank was established in 1989.
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