EBRD to lend $6mln to Azerdemiryolbank

EBRD to lend $6mln to Azerdemiryolbank
# 01 June 2007 09:34 (UTC +04:00)
The EBRD will lend Azerdemiryolbank a $1 million loan and another $5 million joint financing facility in accordance with a recent deal.
Azerbaijani bank’s press service told APA-Economics that the joint financing facility provides for equal sharing of risks in projects which will spend $10 million in total.
The EBRD has to date extended a total of $24 million to finance trade, micro, small and medium-size enterprise.
EBRD holds a 25%+1 stake in Azerdemiryolbank. /APA-Economics/

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