Bank Of Baku

IFC extends $2m to Rabitabank

IFC extends $2m to Rabitabank
# 19 March 2007 07:13 (UTC +04:00)
IFC and Rabitabank inked an agreement on opening a $2 million credit line for the bank on-lending to small, medium-size and micro enterprise within the scope of the trade financing program.
The Bank told APA-Economics that this was the second credit line opened by the IFC after a $5m loan to finance small and medium-size enterprises.
The Bank has a long and successful enough history of co-operation with the Asian Development Bank (ADB), the Netherlands Development Finance Company (FMO), The German-Azerbaijan Fund (GAF), the Black Sea Trade and Development Bank (BSTDB), DEG Investment Company, Raifeisen, Commerzban and other financial organizations. In total, Bank Respublika received loans of over $75m from financial institutions. /APA-Economics/
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