BAKU, Azerbaijan, September 23. The loan portfolio of projects of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan was estimated at 884 million euros ($858.7 million), as of September 1, 2022, Trend reports via the EBRD.
The credit portfolio is designed for the implementation of 31 projects.
The majority of the portfolio (90 percent or 793 million euros ($770.35 million)) is invested in sustainable infrastructure, seven percent or 60 million euros ($58.28 million) – in industry, trade, and agriculture, while three percent or 31 million euros ($30.1 million) – in financial institutions, the EBRD said.
Totally, the bank has invested over 3.768 billion euros ($3.6 billion) on Azerbaijan's 183 projects.
The European Bank for Reconstruction and Development that is country's leading investor has been cooperating with Azerbaijan since 1992.