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12.10.2011

  DemirBank receives USD 25 million from OeEB, FMO and other lenders to support entrepreneurs in Azerbaijan 

DemirBank in Azerbaijan receives USD 25 million bei OeEB and other lenders. The Netherlands Development Finance Company (FMO) arranged the loan to Azerbaijan’s oldest bank.  USD 12.5 million is provided by FMO, USD 7.5 million by the Development Bank of Austria (OeEB) and further loans amounting to a total of  USD 5 million are syndicated to three commercial financial institutions: Raiffeisen Bank International AG, DemirHalk Bank N.V. and Atlantic Forfaitierungs AG.


This transaction is the third syndicated loan received by DemirBank, which constitutes the largest borrowing for DemirBank since the bank’s inception and will help DemirBank to enhance its lending activity to micro, small and medium-sized businesses in Azerbaijan.


 

For more information read the full Press Release.


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