Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Mughan Bank will receive a $4 million loan from Black Sea Trade & Development Bank (BSTDB).
Zaur Hajiyev, audit officer of the Azeri bank, said the loan will go to trade financing. The loan will be distributed during September and October.
As of July 1, the bank’s assets stood at AZN 99.484 million, loan portfolio at AZN 65.636 million, deposit portfolio at AZN 30.217 million, total capital at AZN 14.878 million and authorized capital at AZN 11 million.
Mughan Bank has been in operation since 1992. The bank operates 22 branches across the country.
Mughan Bank to get a $4 million loan from Black Sea Trade & Development Bank
26 August 2008 09:01 (UTC +04:00)
İDMAN XƏBƏR
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