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Bank Technique starts to give group loans

Bank Technique starts to give group loans

11 October 2013 12:57 (UTC +04:00)

Baku. Aqshin Rafigoglu - APA-Economics. Azerbaijan-based Bank Technique starts give group loans for extension of small business lending.

Bank says groups who know one another well, live in the same area or work at the same enterprise, engaging in production, service, trade and agriculture can benefit this service.

Maximum sum is AZN 3,000 and the period is 12 months. Number of members in the group can be 3 and maximum 10.

Bank Technique operates 32 branches and 8 departments in Baku, Ganja, Sumgayit, Absheron, Mingechevir, Guba, Gabala, Beylagan, Bilasuvar, Neftchala, Zagatala, Jalilabad, Agstafa, Lankaran, Khachmaz, Balakan and Tartar.

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