Turanbank attracts loan from abroad

Turanbank attracts loan from abroad
# 16 April 2014 08:12 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. TuranBank and German financial institution Bank im Bistum Essen eG signed two new loan agreements in the amount of $3,5 million to expand the Bank's microfinance portfolio.

The first loan agreement amounted to $1,5 million between TuranBank and Bank im Bistum Essen eG was signed on April 11, 2011. Overall, within the cooperation projects of these two financial structures the Bank attracted loans totaling $5 million for microfinance.

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