Bank Of Baku

ADB intends to continue crediting of the banks in Azerbaijan

ADB intends to continue crediting of the banks in Azerbaijan
# 23 January 2012 12:37 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The credits, granted by the Asian Development Bank to several Azerbaijani banks, have been fully returned.

Head of ADB permanent representation in Azerbaijan Olli Noroyono says at present, 4 from 5 banks have returned the credits. The last credit payment will be carried out by the Bank of Baku.

“The total amount of credits allocated to Azerbaijani banks makes $56 mln. Full payment of the credits will make possible to grant credits to other banks, too”, added Noroyono.
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