TODAY.AZ / Business

“International Bank of Azerbaijan-Moscow” to obtain $5 million of credit from Austrian banks

17 January 2006 [05:26] - TODAY.AZ
The “Raiffeisen Zentralbank ?sterreich Aktiengesellschaft” and “Raiffeisenbank Austria” Banks adopted a decision to grant $5 million of credit to the “International Bank of Azerbaijan-Moscow”.

As APA reports being informed by the head office of the “IBA-Moscow”, according to the respective credit agreement signed between the sides, the credit is granted for the period of 6 months for the purpose of funding investment projects in various fields.

The period of this agreement can be elongated for another 6 months in accordance with the agreement of the sides in the middle of the current year.

It should be noted that the “IBA-Moscow” which was established as a branch structure of the IBA with 100% participation of Azerbaijani capital in January, 2002 is the only bank organization of Azerbaijan acting in the territory of Russia at present.

URL: http://www.today.az/news/business/22120.html

Print version

Views: 1824

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: