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AccessBank attracts loan from abroad

AccessBank attracts loan from abroad

07 November 2014 11:09 (UTC +04:00)

Baku. Aynur Aliyeva - APA-Economics. AccessBank has attracted € 25 million loan from European Investment Bank.

According to APA-Economics, the funds will be directed to financing of small and medium enterprises. This transaction will support development of private sector.

Chief Executive Officer of AccessBank Michael Hoffmann said that this is very important project for the bank: “We appreciate support of our partner giving a large amount of loan. We are proud that EIB has allocated firs loan in Azerbaijan for Accessbank. These funds will contribute to development of banking”.

EIB Vice-President Wilhelm Molterer noted that first loan by EIB for Azerbaijan will support development of private sector.

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