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  OeEB finances DemirBank in Azerbaijan 

The Netherlands Development Finance Company (FMO) arranged a USD 25 million loan to Azerbaijan’s oldest bank DemirBank.

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, amongst others to Raiffeisen Bank International (RBI).

 

A relevant feature of this transaction is its maturity. The loan with a tenor of five years will help DemirBank to enhance its lending activity to micro, small and medium-sized businesses in Azerbaijan, especially in rural areas of the country.



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Oesterreichische Entwicklungsbank AG
Strauchgasse 3
1011 Vienna, Austria

Tel. +43 1 533 12 00-0

Fax +43 1 533 12 00-5252

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