TODAY.AZ / Business

International Bank increases allocations to non-oil sector

20 August 2006 [19:04] - TODAY.AZ
Azerbaijan International Bank (AIB) has sealed a 7.28 million Euros credit contract with the 'Rabobank' of the Netherlands.

The means will be transferred to the 'Sheki Agro Industries' LTd for construction of milk processing complex in Sheki, the Bank told.

"HVA Internationals" Company of the Netherlands will equipped the Complex with necessary equipment.

2.3 mln Euros of the amount will be repaid during 2 years, while 4.98 mln Euros - during 5 years, AzerTAg reports.

URL: http://www.today.az/news/business/29189.html

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