TODAY.AZ / Business

IBA-Moscow signs credit agreement with foreign banks

28 December 2005 [10:03] - TODAY.AZ
IBA-Moscow, Austrian «Raiffeisen Zentralbank Osterreich Aktiengellschaft» and Moscow branch «Raiffeisenbank Austria» signed credit agreement on December 23, 2005, International Bank of Azerbaijan reports. It is the first deal of IBA-Moscow on attraction of the western banks’ finances in implementation of the projects in Russia.
Credit agreement envisages allocation of 5 mln dollars for 6 month to IBA-Moscow guaranteed by the International Bank of Azerbaijan. IBA-Moscow will spend finances for crediting of bank’s clients carrying out external economic activity. It should be noted that IBA-Moscow has been founded on January 25, 2002 and filial of the International Bank of Azerbaijan.

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