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Azerbaijan Industry Bank starts to give macro credits to entrepreneurs

27 March 2013 09:28 (UTC +04:00)

Azerbaijan Industry Bank takes three principles as main in crediting. These are transparently approaching to clients’ appeals, passing decision by analyzing appeals and taking financial security of entrepreneurs into consideration and quality service.

The macro credits on agriculture or trade service are presented as a group credits. The members of joint debtors group must be consisted of persons having stable revenue and engaging in economy and non-economy sphere. Advantage of these credits is that the group credits are presented without any additional pledge on the basis of joint warranty. Main sum and repayment of interests of credit are implemented in accordance with credit’s type and paying ability of the client.

These credits were initially started to be given in Sumgayit. Thereafter, it’s planned to be given in Ganja, Imishli and Darnagul branches.

Note that Azerbaijan Industry Bank has been in operation since 1996. the bank operates 8 branches, 2 departments, 387 ATMs and 660 POS-terminals.