Azerbaijan, Baku, Dec. 22 / Trend N. Ismayilova /
The non-bank credit organization TBC Kredit plans to attract about $ 12 million from the international financial markets in 2012, TBC Kredit told Trend on Wednesday.
"At present, there are several agreements on new external borrowing with financial institutions," he said. "In general, it is planned to draw about $ 12 million in 2012."
TBC Kredit actively cooperates with international financial institutions such as EBRD and OPIC. In September, the contract was signed with responsAbility Social Investments AG and received $1 million to develop micro-credit.
TBC Kredit has operated in Azerbaijan since 1999. About 75 percent of the company is owned by the leading Georgian TBC Bank and 25 percent by ShoreBank International.
The official exchange rate is 0.7864 AZN/USD.