AccessBank and German KfW bank sign new loan agreement

AccessBank and German KfW bank sign new loan agreement
# 16 July 2012 14:25 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. AccessBank has signed an agreement with German KfW bank on borrowing of $30 mln loan.

Bank says the loan will be given for 5 years and in two equal tranches. First tranche was borrowed today, second tranche will be transferred on August 15. The loan aims to increase AccessBank’s loan portfolio.

Note that, AccessBank’s loan portfolio rose 15% to $ 436 mln during first half of 2012.

Remind that, AccessBank has been in operation since 2002.
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THE OPERATION IS BEING PERFORMED