Finance

Finance

DemirBank signs new loan agreement with BSTDB

07 November 2013 13:45 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. DemirBank has concluded a new loan agreement with the Black Sea Trade and Development Bank in the amount of USD 10 mln.

DemirBank has been cooperating with the Black Sea Trade and Development Bank since 2006. This is the fourth agreement signed between the parties so far. The proceeds of this five-year agreement will be utilized to finance micro-, small- and medium-sized enterprises.

DemirBank actively cooperates on crediting and trade financing programs with more than 20 international financial institutions, such as European Bank for Reconstruction and Development, International Finance Corporation, Netherlands Development Finance Company (FMO), Black Sea Trade and Development Bank, German-Azerbaijan Fund, German Investment Company DEG, International Development Fund OFID, Islamic Corporation, USAID (USA), Rosemount Global Fund (USA), SIFEM AG Investment Fund, ING BANK (Netherlands) etc.