TODAY.AZ / Business

Republic bank to fund trade operations with EU countries

29 March 2006 [08:08] - TODAY.AZ
$5 million credit agreement was signed between Bankgesellschaft Berlin of Germany and Republic Bank.

Under this program Republic Bank will provide credits to companies for importation of goods to Azerbaijan from the European Union countries, APA informs.

Republic bank has already been cooperating with international financial institutions in crediting of entrepreneurship and funding of trade.

So, the Bank is utilizing a $6.5 million credit from the European Bank for Reconstruction and Development, $5 million from DEG Corporation of Germany, and 2 million euros from German-Azerbaijani Foundation.


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