›
›

International Bank of Azerbaijan accomplished unique $145 million deal

International Bank of Azerbaijan accomplished unique $145 million deal

Azerbaijan, Baku, Aug 3 /Trend/

The second half of 2012 has been marked for International Bank of Azerbaijan by successful signing of $145 million bilateral loan with a final maturity of 5 years. The loan was realized together with one of the world's leading financial institution - Credit Suisse International ("CS"), acting as a lender, the IBA said.

Being the largest and systemic bank in the host country, IBA accomplished a literally unique deal, as none of financial institutions in the banking system in Azerbaijan attracted a bilateral loan for such a long period so far.

It should be noted that the cooperation with CS have been successfully continuing over the last several years. For instance, above-mentioned bank in 2010 did organized for IBA two syndicated loans that in total accounted for the amount of $211 million.

As a result, IBA keeps on following the strategy aimed to expand its activity on world's financial markets.

Do you have any feedback? Contact our journalist at agency@trend.az