EBRD increases its investment portfolio for Azerbaijan

EBRD increases its investment portfolio for Azerbaijan
# 22 November 2023 10:08 (UTC +04:00)

The volume of the active portfolio of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan as of October 31, 2023, increased to EUR 948 mln. (including undisbursed commitments), EBRD told APA-Economics.

This figure is 16,5% or EUR 134 mln. more than the last indicator presented by the bank. The number of implemented projects was 31.

It was noted that 90% of the portfolio (855 million euros) accounts for investments in sustainable infrastructure, 7% (66 million euros) for investments in industry, trade, and agribusiness, and 3% (28 million euros) in financial institutions. The volume of operational assets of the bank increased by 2,7% in the country and amounted to 714 million euros.

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THE OPERATION IS BEING PERFORMED