Bank Of Baku

AZN 90.1m preferential loan lent to 1,771 enterprises

AZN 90.1m preferential loan lent to 1,771 enterprises
# 28 February 2007 10:42 (UTC +04:00)
Through its authorized credit organizations, Azerbaijan National Entrepreneurial Development Fund lent preferential loans worth AZN 90.1m on-lending to 1,771 enterprises in 59 cities and regions, APA-Economics reports. The loans were on-lending to industrial production and processing and rural development.
85% of the financed projects were in regions, of which 87% were production and processing oriented. Over 17,000 jobs were reportedly created through implementation of project funded by preferential loans. /APA/
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