Baku. Yegane Lachinzade - APA-Economics. Central Bank of Azerbaijan has allocated AZN 45 mln refinancing loans to TuranBank in 2015, APA-Economics reports citing to bank’s audit statement.
The loan was allocated to the bank at an interest rate of 3.6%. Instead, the CBA blocked bank’s USD denominated nostro account in amount of $47.6 mln (AZN 74,227,000).
The loans are repayable to CBA between the years 2016 and 2018.