Azerbaijan, Baku, 23 January /corr. Trend I.Khalilova / The International Bank of Azerbaijan signed €10mln credit agreement with Nordic Investment Bank, the International Bank reported on 23 January. The Bank may attract the funds for a period of up to seven years.
The attracted resources may be used for financing the investment projects, where the part of commodities and services is of Northland and Baltic origin. According to the terms of the agreement, the funds may be used for paying off any expenses linked with the realization of the projects. The Bank stated that the received funds will be directed towards the financing of the projects of various Banks' clients.
In addition, signing an agreement with Nordic Investment Bank will enable the International Bank to increase the financing of the long-term credits to the Bank's corporate clients, who have business relations with Northland and Baltic countries.
Headquartered in Helsinki, Nordic Investment Bank is one of the leading international financial institutions, established since 1975.