Bank Of Baku

Azerbaijan may set up a state bank to finance agrarian sector

Azerbaijan may set up a state bank to finance agrarian sector
# 04 September 2008 14:03 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. The Government of Azerbaijan is exploring the possibility of establishing a bank specialized in financing investment projects in the agrarian sector, said Samir Sharifov, the Minister of Finance.
According to him, there is Agrarcredit non-bank lending institution in the country.
“We will consider options, If need be, we will do it,” he added.
He noted that Agrarcredit may be more closely involved in agricultural projects if a strategic investor is found.
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