TODAY.AZ / Business

Azerdemiryolbank's regional credit portfolio grows 82%

04 November 2006 [11:42] - TODAY.AZ
During the period of January-September the regional credit portfolio of Azerdemiryolbank grew by 82% to AZN 16m, which makes 36.4% of the total credit portfolio.

As APA reports, the regional enterprise was mainly financed on account of the funds allowed by German-Azerbaijan Fund, European Bank for Reconstruction and Development, Asian Development Bank, German-Azerbaijan Fund, DEG Investment Corporation, National Fund on Entrepreneurship Support.

1m euro-credit line of German-Azerbaijan Fund was directed to the development of small & medium size enterprises in Sumgait, Guba, Gusar, ganja, Sheki and Lenkeran.

Also, the Bank has successfully continued to lend a credit line in the amount of $3m of EBRD through small credits in regions and used a credit line of $5m towards SME on-lending.

During this period the Bank used $1.7m of NFES on-lending in regions.

Azerdemiryolbank has 26 branches and offices.

URL: http://www.today.az/news/business/32212.html

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