FMO and BSTDB extends a $16 million credit line to Bank Respublika

FMO and BSTDB extends a $16 million credit line to Bank Respublika
# 27 August 2007 08:40 (UTC +04:00)
Azerbaijan’s Bank Respublika has signed an agreement with the Netherlands Development Finance Company (FMO) and the Black Sea Trade and Development Bank (BSTDB) for receiving a $16 million credit line.
The bank told APA-Economics that FMO will lend a $5 million subordinate loan for 10 years and an additional $5 million loan for 8 years, on-lending to small and medium-sized enterprises.
The Black Sea Trade and Development Bank will extend a $3 million loan for financing export-import of small and medium-sized enterprises in the country.
Bank Respublika has good cooperation with EBRD, ADB, IFC, DEG Investment Company, Raifeisen Bank, German-Azerbaijan Fund, Commerzbank etc. /APA-Economics/

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