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Azerbaijani names banks providing short-term loans to businesses

Economy Materials 14 December 2022 15:03 (UTC +04:00)
Azerbaijani names banks providing short-term loans to businesses
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, December 14. Financial institutions of Azerbaijan have provided 68.3 million manat ($40.1 million) of easy-term loans from January through November 2022, the Entrepreneurship Development Fund of the Azerbaijani Ministry of Economy told Trend.

Out of the total loan amount, 32 percent or 21.7 million manat ($12.7 million) were allocated by Bank Respublika.

"PASHA Bank ranks second with a share of 20 percent or 13.8 million manat ($8.1 million). The bank is followed by Kapital Bank (13.3 million manat $7.8 million), Rabitabank (10.5 million manat, $6.16 million) and Yelo Bank (nine million manat, $5.28 million) follow," said the Fund.

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