...

Islamic Development Corporation Allots Loan to Azerbaijani Largest Private Bank

Business Materials 8 November 2007 19:23 (UTC +04:00)

Azerbaijan, Baku / Trend corr U. Ismayilova / The Islamic Corporation for Development (ICD) allotted a loan in the sum of $3mln to Azerbaijan's largest commercial Bank Standard, the bank reported on 8 November.

The interest rate for the loan makes up SWAP+3.75%. The loan was allocated for 6 years.

The funds will be used for financing of small-scale and middle-scale business in accordance with the terms specified in the agreement which was signed between the Bank Standards and ICD.

Latest

Latest