ADB may extend a $10 million loan to Bank Respublika

ADB may extend a $10 million loan to Bank Respublika
# 19 October 2007 07:43 (UTC +04:00)
On November 5, the Asian Development Bank’s (ADB) Board of Directors is to consider extending a $10 million subordinate loan to Bank Respublika.
The ADB Office in Baku said the parties may sign an agreement a week after the board approval and the loan will be available 5-6 days following the agreement.
The loan will go to capitalization and to small and medium-sized enterprises.
Since its membership in 1999, Azerbaijan has received $130 million in loans from ADB. /APA-Economics/
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