Today.Az » Business » Azerbaijani bank attracts first loan from ICD
13 July 2012 [16:28] - Today.Az
The Azerbaijani JSC AGBank signed a loan agreement with the Islamic Corporation for the Development of the Private Sector, (ICD is included in the Islamic Development Bank) worth $5 million, the bank told Trend on Friday.
"The purpose of the loan is to finance projects that can lead to the significant development of small and medium-sized businesses in Azerbaijan," the bank said.
The agreement was signed yesterday by general and executive director of ICD Khaled Al-Aboodi and AGBank Board Chairman Azer Movsumov.
"This is the first loan the bank attracted from ICD. The loan has been granted for four years," the bank said.
/Trend/
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