Bank Standard to receive more loans from international institutions

The Board Senior Deputy Chair Javid Guliyev told that the group is also in talks with Raiffeisenbank of Austria and Standard Bank of the Republic of South Africa to receive a $10mln syndicated loan.

The loan is expected to come in late April for a six-month period with possibility of additional six months.

Mr. Guliyev also added that Bank Standard intends to penetrate the global market as an issuer after the government implements eurobond issue program.

Moody's agency is expected to upgrade the bank in June, APA reports.