On 8 July 2009, the Oesterreichische Entwicklungsbank (OeEB – the Development Bank of Austria), the European Bank for Reconstruction and Development (EBRD), the Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and the Dutch development bank (FMO) signed a financing package for Unibank in Azerbaijan.
The financing will be used to strengthen Unibank’s capital base and will assist Unibank to carry on lending to the real economy in the current difficult environment.
Financing package of USD 83 million
The package includes a USD 7 million equity investment, a USD 25 million senior convertible bond and a USD 51 million senior loan. OeEB contributes a credit line of USD 10 million.
About Unibank
Operating through 25 branches and offering a broad range of banking products, Unibank is one of the leading independent commercial banks in Azerbaijan.
Please follow the link for the official press release of EBRD, DEG, FMO and OeEB for further details.