Bank Standard to receive more loans from international institutions

Bank Standard to receive more loans from international institutions
# 09 April 2007 12:02 (UTC +04:00)
Azerbaijan’s Bank Standard is negotiating with several international financial institutions on opening of credit lines.
The Board Senior Deputy Chair Javid Guliyev told APA-Economics that the group is also in talks with Raiffeisenbank of Austria and Standard Bank of the Republic of South Africa to receive a $10mln syndicated loan.
The loan is expected to come in late April for a six-month period with possibility of additional six months.
Mr. Guliyev also added that Bank Standard intends to penetrate the global market as an issuer after the government implements eurobond issue program. Moody’s agency is expected to upgrade the bank in June. /APA-Economics/

Politics

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