Bank Of Baku

Andrey Kondakov: “Azerbaijan fulfills its obligations before BSTDB at high rate”

Andrey Kondakov: “Azerbaijan fulfills its obligations before BSTDB at high rate”
# 20 June 2013 12:51 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. Azerbaijan fulfills its obligations before the Black Sea Trade and Development Bank (BSTDB) on payments related to signed capital at high rate, said the BSTDB President Andrey Kondakov.

 

Kondakov also noted that the leverage directed by Azerbaijan to BSTDB is equal to 6: “Azerbaijan gets €6 for each €1 directed to Bank’s capita and this is very high index”.

 

Note that Azerbaijan has been in membership of BSTDB since 2002. It has 5%-equity in the Bank. 

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