TODAY.AZ / Business

Azerdemiryolbank intends to complete credit facility usage by this year end

09 December 2006 [13:32] - TODAY.AZ
By this year's end Azerdemiryolbank intends to complete the use of $3m-credit lines opened by the EBRD in November, 2005 and May, 2006.

The Bank has to date lent $2.3m loans to over 800 enterprises.

Also, the Bank succeeded in the use of 1m euro-tranche by German Development Bank (KfW), the Bank's Head Office told.

The Bank has also succeeded in microcredit since February, 2006. Its ten branches including four in Baku continues to support small enterprises engaged in trade, service and agriculture.

As APA reports, the enterprises received loans ranging from $100 to $100 000.

URL: http://www.today.az/news/business/33738.html

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