Today.Az » Business » Azerdemiryolbank spends major part of EBRD credit line
08 December 2006 [01:26] - Today.Az
One of the largest private banks in Azerbaijan, Azerdemiryolbank, said it already spent $2.3m of the European Bank of Reconstruction and Development's credit lines totaling $3m.
The money was lent to more than eight hundred local businessmen, Azerdemiryolbank said. Last year, the Bank lent ?1m to small and medium-sized enterprises. The credit line was received from KfW, a German development bank. Today Azerdemiryolbank, which has ten branches, four of them in the capital, Baku, and six in provinces, provides a wide range of financial services both to companies and individuals. The size of the credits businessmen can take from Azerdemiryolbank differs between $100 and $100,000. AzerTAg
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