Baku. Parviz Nuriyev – APA-Economics. TuranBank and German financial institution IIV Mikrofinanzfonds (advised by Frankfurt School Financial Services – a subsidiary of Frankfurt School of Finance & Management), a Germany based specialized microfinance investment fund organized and existing under the laws of Germany have reached new agreement in the amount of $5 million with the maturity of 4 years to expand the Bank's microfinance portfolio.
The disbursement will be executed by the Bank im Bistum Essen.