Azerdemiryolbank's regional credit portfolio grows 82%

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.