TODAY.AZ / Business

EBRD lends Bank of Respublika and UniBank $2 million each

17 December 2005 [16:14] - TODAY.AZ
The European Bank for Reconstruction and Development (EBRD) is lending $ 2 million to Bank Respublika and $ 2 million to UniBank for on-lending to micro and small enterprise clients. The credit's goal is to further promote the entrepreneurial activities in Azerbaijan.

According to the information given to APA from the Baku Office of EBRD, the signing ceremony on granting the loans will take place at "Hyatt Regency" hotel on December 19.

Raymond Conway, head of EBRD Office in Baku and Chikako Kuno, the director of EBRD Group for Small Business will sign the agreements with Azeri banks.



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